KB Home Analysts Boost Their Forecasts After Upbeat Q2 Results
Portfolio Pulse from Avi Kapoor
KB Home (NYSE:KBH) reported better-than-expected Q2 earnings and sales, leading analysts to raise their price targets. Despite the positive results, KB Home shares fell 2.1% to $68.04.
June 20, 2024 | 12:33 pm
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KB Home reported Q2 earnings of $2.15 per share, beating the $1.78 estimate, and sales of $1.71 billion, beating the $1.651 billion estimate. Analysts raised their price targets, but shares fell 2.1%.
KB Home's better-than-expected earnings and sales results led analysts to raise their price targets, indicating positive sentiment. However, the immediate share price drop suggests a potential short-term correction or profit-taking.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100