PREVIEW: KB Home dips; seen reporting rev decline after the bell

Shares of KB Home KBH.N are down 0.9% on Thurs, with the homebuilder seen reporting a drop in yr-over-yr rev and EPS when it reports quarterly results after the closing bell

Analysts expect Q4 rev at $1.66 bln vs $2.00 bln in the yr-ago period, and EPS of $1.80 vs $2.52 a yr ago, according to LSEG

The median 12-mo PT on KBH is $65; the stock was last at $62.38

Analyst recommendations on the KBH include four "buy" ratings, nine "hold" ratings and two "sell" or "strong sell" ratings, per LSEG

Late Tuesday, rival U.S. homebuilder Lennar LEN.N reported quarterly earnings that missed Wall Street's estimates as affordability pressures continued to weigh on homebuying demand

KBH shares are down about 5% YTD compared with a roughly 15% gain in the S&P 500 .SPX in that period