KB Home falls after downbeat annual revenue forecast, Q1 results miss

Shares of home builder KB Home KBH.N fall 8.3% to $56.65 premarket

KBH expects 2025 revenue in the range of $6.60 billion to $7.00 billion, compared to a previous forecast of $7 billion to $7.5 billion; analysts on average expect annual revenue of $6.88 billion

Co posts Q1 revenue of $1.39 billion, missing analysts' average estimate of $1.5 billion, as per data compiled by LSEG

Reports Q1 profit of $1.49/share, vs analysts' estimate of $1.57/share

5 out of 16 brokerages rate the stock "buy", 9 rate "hold", and 2 "sell"; their median PT is $71.50- as per LSEG data

As of last close, KBH stock was down 9.7% in the past 12 months