KB Home Q2 2024 GAAP EPS $2.15 Beats $1.78 Estimate, Sales $1.710B Beat $1.651B Estimate
Portfolio Pulse from Benzinga Newsdesk
KB Home (NYSE:KBH) reported Q2 2024 earnings per share of $2.15, surpassing the analyst estimate of $1.78 by 20.79%. The company also reported sales of $1.710 billion, beating the estimate of $1.651 billion by 3.57%, despite a 3.13% decrease from the same period last year.
June 18, 2024 | 8:10 pm
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POSITIVE IMPACT
KB Home reported strong Q2 2024 earnings, with EPS of $2.15 beating estimates by 20.79% and sales of $1.710 billion surpassing estimates by 3.57%. Despite a slight year-over-year sales decline, the results are positive.
The significant beat on both EPS and sales estimates is likely to positively impact KBH's stock price in the short term. The market generally reacts favorably to earnings beats, and the 20.79% EPS beat is substantial. The slight year-over-year sales decline is a minor concern but is outweighed by the strong performance relative to expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100