PREVIEW: KB Home shares up: Street sees Q1 rev gain, EPS fall y/y,

Shares in KB Home KBH.N up 2.2% ahead of fiscal Q1 report due after market close

Wall Street sees KB reporting adj EPS of $1.58 vs $1.76 in year-ago quarter on rev of $1.499 bln vs $1.468 bln in year-ago quarter, according to LSEG

In the last 8 quarters KBH beat consensus EPS view 7 times while revenue beat every time

Stock last traded at $61.03 vs median PT of $73.50, which is up from $73 a month ago but down from $76 in January, according to LSEG, which shows 16 analyst ratings: 5 'buy,' 9 'hold,' 1 'sell' and 1 'strong sell'

On March 10 Wells Fargo had cut KBH price target to $63 from $65. But Seaport raised its KBH rating along with other homebuilders to 'buy' from 'neutral' on March 6, assuming higher potential for upside when market improves

In Jan KBH shares rallied when co reported quarterly results and forecast 2025 housing revenue in $7.00 bln to $7.50 bln range vs $6.90 bln in 2024

Shares down ~9% YTD after rising 5% in 2024 vs 4.8% YTD drop for PHLX housing index .HGX, which rose 4.5% in 2024