KB Home Q3 Earnings: Revenue Beat, EPS Beat, Net Orders Flat — 'Variability In Demand Across The Quarter'
Portfolio Pulse from Adam Eckert
KB Home (NYSE:KBH) reported Q3 earnings with revenue and EPS beating estimates. Despite flat net orders, the company saw a 10% revenue increase and 13% earnings growth. KB Home repurchased $150 million in stock and expects 2024 revenues between $6.85B and $6.95B.
September 24, 2024 | 8:40 pm
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KB Home reported Q3 earnings with revenue and EPS beating estimates. Despite flat net orders, revenue increased by 10% and earnings by 13%. The company repurchased $150 million in stock and expects 2024 revenues between $6.85B and $6.95B.
KB Home's Q3 results exceeded expectations, with both revenue and EPS beating estimates. The company's strong performance, despite flat net orders, and its stock repurchase program are positive indicators. The guidance for 2024 suggests continued growth, which is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100