KB Home Stock Sinks as Results Hurt by High Mortgage Rates
Shares of KB Home (KBH) slumped Wednesday, a day after the homebuilder missed profit estimates and cut its housing gross profit margin outlook as high borrowing costs and worries about the economy limited buyer demand.
New Homes Data Due As Mortgage Rates Ease, One Homebuilder Falls
KB Home stock fell premarket after its Q3 earnings report. August new home sales data is due Wednesday morning.
Stitch Fix Reports Weak Earnings, Joins KB Home And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Wednesday.
KB Home: Orders Disappoint In Q3, Limiting Upside
KB Home shares have surged nearly 90% over the past year but fell 6% due to disappointing quarterly results, missing earnings estimates by $0.02. Lower mortgage rates have not significantly boosted demand, with orders remaining flat and a shrinking backlog potentially limiting future growth. Margins are under pressure despite higher prices, and challenges with order growth will pressure its delivery pace.
Watch These KB Home Stock Price Levels As Shares Slide After Earnings Report
KB Home (KBH) shares dropped 6% in extended trading on Tuesday after the homebuilder's third-quarter profit fell short of Wall Street expectations.
KB Home (KBH) Q3 2024 Earnings Call Transcript
KB Home (NYSE:KBH ) Q3 2024 Earnings Conference Call September 24, 2024 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 Conference Call Participants Matthew Bouley - Barclays Stephen Kim - Evercore ISI John Lovallo - UBS Alan Ratner - Zelman & Associates Rafe Jadrosich - Bank of America Trevor Allinson - Wolfe Research Jade Rahmani - KBW Susan Maklari - Goldman Sachs Group, Inc. Operator Good afternoon. My name is John and I'll be your conference operator today.
Here's What Key Metrics Tell Us About KB Home (KBH) Q3 Earnings
The headline numbers for KB Home (KBH) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
KB Home (KBH) Q3 Earnings Match Estimates
KB Home (KBH) came out with quarterly earnings of $2.04 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.80 per share a year ago.
KB Home shares sink in extended trading following Q3 results
Jesse Lederman, Zelman & Associates associate director, joins 'Closing Bell Overtime' to talk KB Home's quarterly results.
KB Home saw better demand for its homes as mortgage rates dropped
That message of optimism was not resonating with investors late Tuesday.
Should You Buy, Sell, or Hold KB Home Before Q3 Earnings?
KBH's third-quarter fiscal 2024 results are likely to gain from higher deliveries and ASP amid higher inflationary pressures.
How To Earn $500 A Month From KB Home Stock Ahead Of Q3 Earnings
KB Home KBH will release earnings results for its third quarter, after the closing bell on Tuesday.
