KB Home reports results for the quarter ended February 28 - Earnings Summary

• KB Home KBH.N reported quarterly adjusted earnings of $1.49​​ per share for the quarter ended February 28, lower than the same quarter last year, when the company reported EPS of $1.76. The mean expectation of fifteen analysts for the quarter was for earnings of $1.57 per share. Wall Street expected results to range from $1.48 to $1.63 per share.

• Revenue fell 5.2% to $1.39 billion from a year ago; analysts expected $1.50 billion.

• KB Home's reported EPS for the quarter was $1.49​.

• The company reported quarterly net income of $109.56 million.

• KB Home shares had fallen by 9.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 9 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the homebuilding peer group is also "hold"

Wall Street's median 12-month price target for KB Home is $73.50

This summary was machine generated from LSEG data March 24 at 09:38 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)