Shares of homebuilder KBH Home KBH.N down 1% at $52.8 premarket
The company on Tuesday posted first-quarter diluted earnings per share of 52 cents vs $1.49 for the same period last year
Co's Q1 revenues were down 23% to $1.08 billion and home deliveries decreased 14% to 2,370
"Concerns surrounding the conflict in the Middle East have introduced an additional layer of uncertainty for consumers who were already working through numerous challenges," said KBH executive chairman Jeffrey Mezger
Co sees 2026 housing revenues in the range of $4.80 billion to $5.50 billion, below Wall Street's estimates of $5.62 billion
Median PT of 18 brokerages covering the stock is $56 - data compiled by LSEG
As of last close, KBH down 6.2% YTD