KB Home up on upbeat 2025 housing revenue forecast

KB Home

13/01/2025 21:49

** Shares of KB Home  KBH.N  rise 8% to $69 in after-hours
trading 
    ** Company forecasts 2025 housing revenue to be in the range
of $7.00 bln to $7.50 bln, compared to $6.90 bln in 2024
    ** Reports Q4 2024 revenue up 19% to $2 bln, roughly in line
with Wall Street estimates
    ** Company adds 3,978 homes delivered in Q4, up 17%, while
average selling price for homes rose 3% to $501,000  
    ** Q4 homebuilding operating income up 27% to $229.1 mln
    ** Four of 16 brokerages rate the stock "buy" or higher,
nine "hold" and three "sell" or lower; their median PT is $82,
according to data compiled by LSEG


 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com;))