Homebuilder KB Home (NYSE:KBH) reported worse-than-expected fiscal first-quarter earnings and revenue after the close yesterday, slashing its fiscal 2025 revenue outlook as well.
KB Home (KBH) slipped off its earnings as macro headwinds pin pressure on sales. Jenny Horne talks about other factors plaguing the stock, from generational homeowning trends to persistent macro headwinds.
KB Home (NYSE:KBH ) Q1 2025 Earnings Conference Call March 24, 2025 5:00 PM ET Company Participants Jill Peters - SVP of IR Jeffrey Mezger - Chairman and CEO Robert McGibney - President and COO Jeff Kaminski - EVP and CFO Bill Hollinger - SVP and Chief Accounting Officer Conference Call Participants Matthew Bouley - Barclays Matt Johnson - UBS Stephen Kim - Evercore ISI Michael Dahl - RBC Capital Markets Michael Rehaut - JPMorgan Alan Ratner - Zelman & Associates Jay McCanless - Wedbush Sam Reid - Wells Fargo Susan Maklari - Goldman Sachs Trevor Allinson - Wolfe Research Operator Good afternoon. My name is John, and I will be your conference operator today.
Market indexes, down at or near correction territory, sprang back between 1.4% (Dow) and +2.6% (Russell 2000).
Although the revenue and EPS for KB Home (KBH) give a sense of how its business performed in the quarter ended February 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
KB Home shares have declined 10% over the past year due to affordability pressures and elevated interest rates, with Q1 results showing significant demand slowdown. The company reported weak Q1 financials, with earnings and revenue misses, a 9% drop in deliveries, and a 17% fall in net orders. Elevated interest rates and increased supply have pressured margins and demand, particularly affecting first-time buyers, leading to reduced revenue guidance and operating margins.
KB Home (KBH) came out with quarterly earnings of $1.49 per share, missing the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.76 per share a year ago.
Alan Ratner, Zelman & Associates Managing Director, joins 'Closing Bell Overtime' to talk KB Home's quarterly results.
A new week of trading begins with pre-market futures well into the green this morning. We had already bounced off last week's year-to-date lows with a decent, if bumpy, week of trading overall, but we haven't seen early-morning gains like this in quite some time.
KB Home KBH will release its first-quarter financial results, after the closing bell, on Monday, March 24.
KB Home KBH will release its first-quarter financial results after the closing bell on Monday, March 24.
In the latest trading session, KB Home (KBH) closed at $60.61, marking a -0.05% move from the previous day.