Latest news with #KBH
Business Insider
9 hours ago
- Business
- Business Insider
KBH Earnings: KB Home's Stock Falls on Weak Forward Guidance
The stock of KB Home (KBH) is down about 3% after the U.S. homebuilder lowered its full-year guidance, saying it expects further weakness in the real estate market. Confident Investing Starts Here: The disappointing outlook overshadowed what was otherwise a strong print from KB Home. The Los Angeles, California-based company announced Fiscal second-quarter earnings per share (EPS) of $1.50, which beat the consensus estimate of $1.47. Revenue for the quarter ended May 31 was $1.53 billion, beating the $1.51 billion expected on Wall Street. However, both the top and bottom line numbers reported for Fiscal Q2 were lower than a year ago, when the company's EPS came in at $2.15 and its sales totaled $1.71 billion. KB Home also lowered its full-year Fiscal 2025 guidance, saying it now expects revenue of $6.30 billion to $6.50 billion, down from $6.60 billion to $7 billion previously. Homebuilding operating income declined to $131.5 million from $188.2 million a year ago, while the company's homebuilding operating margin fell 9% from 11.1% a year earlier in the latest quarter. Also, housing gross profit fell to 19.3% from 21.1% a year ago, mainly due to price reductions and homebuyer concessions. KB Home's net income. Source: Main Street Data Stock Buybacks In the company's earnings release, KB Home's CEO Jeffrey Mezger said, 'In this environment and given our strong existing land pipeline, we are scaling back our land acquisition and development investments while increasing share repurchases.' KB Home bought back $200 million worth of common stock at an average price of $54 per share in the just completed quarter. Mezger said the company plans to continue repurchasing shares during the rest of this year. The average selling price of a KB Home property was $488,700 during the recent quarter, down from $500,700 in the previous quarter amid ongoing softness in the real estate market. Net orders decline 13% year-over-year to 3,460, while net order value fell 21% to $1.61 billion. KBH stock has declined 18% this year. Is KBH Stock a Buy? The stock of KB Home has a consensus Hold rating among 14 Wall Street analysts. That rating is based on four Buy, eight Hold, and two Sell recommendations issued in the last three months. The average KBH price target of $66 implies 23.78% upside from current levels. These ratings are likely to change after the company's financial results.
Yahoo
12 hours ago
- Business
- Yahoo
KB Home (KBH) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
KB Home (KBH) reported $1.53 billion in revenue for the quarter ended May 2025, representing a year-over-year decline of 10.5%. EPS of $1.50 for the same period compares to $2.15 a year ago. The reported revenue represents a surprise of +2.30% over the Zacks Consensus Estimate of $1.5 billion. With the consensus EPS estimate being $1.45, the EPS surprise was +3.45%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how KB Home performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Backlog - Units: 4,776 compared to the 5,089 average estimate based on three analysts. Average selling price: $488.70 million versus the three-analyst average estimate of $487.12 million. Net orders - Units: 3,460 versus the three-analyst average estimate of 3,723. Unit deliveries - Total Homes: 3,120 versus 3,070 estimated by three analysts on average. Backlog - Value: $2.29 billion versus $2.56 billion estimated by two analysts on average. Ending community count: 253 compared to the 254 average estimate based on two analysts. Total Revenues- Homebuilding- Housing: $1.52 billion versus the four-analyst average estimate of $1.49 billion. The reported number represents a year-over-year change of -10.4%. Total Revenues- Financial services: $4.87 million versus $6.65 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -41.3% change. Total Revenues- Homebuilding: $1.52 billion versus the four-analyst average estimate of $1.49 billion. The reported number represents a year-over-year change of -10.4%. Financial services pretax income: $8.16 million compared to the $10.19 million average estimate based on three analysts. Operating Income- Homebuilding: $131.46 million compared to the $124.01 million average estimate based on two analysts. Homebuilding pretax income: $134.22 million versus $130.44 million estimated by two analysts on average. View all Key Company Metrics for KB Home here>>>Shares of KB Home have returned +1% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report KB Home (KBH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
San Francisco Chronicle
15 hours ago
- Business
- San Francisco Chronicle
KB Home: Fiscal Q2 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — KB Home (KBH) on Monday reported fiscal second-quarter profit of $107.9 million. The Los Angeles-based company said it had net income of $1.50 per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share. The homebuilder posted revenue of $1.53 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.5 billion. _____
Wall Street Journal
16 hours ago
- Business
- Wall Street Journal
KB Home Cuts Outlook as Profit, Sales Fall
KB Home KBH 3.03%increase; green up pointing triangle cut its outlook for the year again as it posted lower profit and sales for its fiscal second quarter. The homebuilder said Monday it now expects housing revenue of $6.3 billion to $6.5 billion for fiscal 2025, down from its prior guidance of $6.6 billion to $7 billion. Analysts polled by FactSet expected homebuilding sales of $6.55 billion.
Washington Post
16 hours ago
- Business
- Washington Post
KB Home: Fiscal Q2 Earnings Snapshot
LOS ANGELES — LOS ANGELES — KB Home (KBH) on Monday reported fiscal second-quarter profit of $107.9 million. The Los Angeles-based company said it had net income of $1.50 per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
