Zacks.com users have recently been watching KB Home (KBH) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
High mortgage rates and rising costs are dampening homebuilder confidence.
KB Home reported strong earnings, beating estimates on both lines, despite lower home deliveries. KBH's shareholder return program includes substantial share repurchases that are driving strong earnings per share growth. KB Home's solid profitability, strong cash flows, and positive outlook for order growth make it an interesting investment opportunity in the homebuilding industry.
KB Home KBH posted better-than-expected earnings and sales results for its second quarter on Tuesday.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
KB Home's (KBH) fiscal Q2 results reflect strong orders. However, lower home deliveries raise concerns.
KB Home (NYSE:KBH ) Q2 2024 Earnings Conference Call June 18, 2024 5:00 PM ET Company Participants Jill Peters - Senior Vice President of Investor Relations Jeffrey Mezger - Chairman and Chief Executive Officer Robert McGibney - President and Chief Operating Officer Jeff Kaminski - Executive Vice President and Chief Financial Officer Conference Call Participants John Lovallo - UBS Stephen Kim - Evercore ISI Michael Rehaut - JPMorgan Chase & Co. Anika Dholakia - Barclays Alan Ratner - Zelman & Associates Susan Maklari - Goldman Sachs Group, Inc. Jay McCanless - Wedbush Securities Operator Good afternoon. My name is John, and I'll be your conference operator today.
Although the revenue and EPS for KB Home (KBH) give a sense of how its business performed in the quarter ended May 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
KB Home (KBH) came out with quarterly earnings of $2.15 per share, beating the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.94 per share a year ago.
With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
KB Home KBH will release earnings results for its second quarter, after the closing bell on Tuesday.
In a holiday-shortened week, investors will be watching comments from Federal Reserve representatives and data from several economic releases that could help show whether inflation is likely to continue its downward path. Markets are closed on Wednesday for the Juneteenth national holiday.