KB Home reports results for the quarter ended May 31 - Earnings Summary

• KB Home KBH.N reported quarterly adjusted earnings of $1.50​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of $2.15. The mean expectation of thirteen analysts for the quarter was for earnings of $1.46 per share. Wall Street expected results to range from $1.39 to $1.53 per share.

• Revenue fell 10.5% to $1.53 billion from a year ago; analysts expected $1.51 billion.

• KB Home's reported EPS for the quarter was $1.50​.

• The company reported quarterly net income of $107.88 million.

• KB Home shares had fallen by 11.0% this quarter and lost 21.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 9 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the homebuilding peer group is "buy."

• Wall Street's median 12-month price target for KB Home is $63.00, about 15.4% above its last closing price of $53.32

This summary was machine generated from LSEG data June 23 at 09:54 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)