KB Home rises on upbeat 2025 housing revenue forecast

KB Home

14/01/2025 14:26

** Shares of homebuilder KB Home  KBH.N  rise 12.9% to
$72.33 premarket
    ** Company forecasts 2025 housing revenue to be in the range
of $7.00 bln to $7.50 bln, compared with $6.90 bln in 2024
    ** Reports Q4 rev. of $2 bln, up 19%; roughly in line with
Wall Street estimates
    ** Three of 16 brokerages rate the stock "buy", ten "hold"
and three "sell" or lower; their median PT is $76, according to
data compiled by LSEG
    **  KBH down ~2.5% YTD after rising ~5.2% in 2024
 

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.Chaudhary@thomsonreuters.com))