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PREVIEW: KB Home dips; seen reporting rev decline after the bell

** Shares of KB Home KBH.N are down 0.9% on Thurs, with the homebuilder seen reporting a drop in yr-over-yr rev and EPS when it reports quarterly results after the closing bell

** Analysts expect Q4 rev at $1.66 bln vs $2.00 bln in the yr-ago period, and EPS of $1.80 vs $2.52 a yr ago, according to LSEG

** The median 12-mo PT on KBH is $65; the stock was last at $62.38

** Analyst recommendations on the KBH include four "buy" ratings, nine "hold" ratings and two "sell" or "strong sell" ratings, per LSEG

    ** Late Tuesday, rival U.S. homebuilder Lennar LEN.N reported quarterly earnings that missed Wall Street's estimates as affordability pressures continued to weigh on homebuying demand

** KBH shares are down about 5% YTD compared with a roughly 15% gain in the S&P 500 .SPX in that period

(Reporting by Caroline Valetkevitch )

((caroline.valetkevitch@thomsonreuters.com))

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