KB Home reports results for the quarter ended November 30 - Earnings Summary

KB Home

13/01/2025 22:01

* KB Home  KBH.N  reported quarterly adjusted earnings of
$2.52​​
per share for the quarter ended November 30, higher than the
same quarter last year, when the company reported EPS of $1.85. 
The mean expectation of fifteen analysts for the quarter was
for earnings of $2.45 per share. Wall Street expected results to
range from $2.40  to $2.50 per share.
    * Revenue rose 19.5% to $2.00 billion from a year ago;
analysts
expected $1.99 billion. 
    * KB Home's reported EPS for the quarter was $2.52​.
    * The company reported quarterly net income of $190.61
million.
    * KB Home shares had fallen by 3.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 9
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the homebuilding
peer
group is also "hold"

Wall Street's median 12-month price target for KB Home is $82.00
This summary was machine generated from LSEG data January 13 at
10:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Nov. 30 2024      2.45           2.52           Beat
 Aug. 31 2024      2.06           2.04           Missed
 May. 31 2024      1.80           2.15           Beat
 Feb. 29 2024      1.57           1.76           Beat