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

• KB Home KBH reported quarterly adjusted earnings of $1.61​​ per share for the quarter ended August 31, lower than the same quarter last year, when the company reported EPS of $2.04. The mean expectation of fourteen analysts for the quarter was for earnings of $1.50 per share. Wall Street expected results to range from $1.37 to $1.58 per share.

• Revenue fell 7.5% to $1.62 billion from a year ago; analysts expected $1.59 billion.

• KB Home's reported EPS for the quarter was $1.61​.

• The company reported quarterly net income of $109.83 million.

• KB Home shares had risen by 17.8% this quarter and lost 5.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 8 "hold" and 3 "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 $65.00, about 4% above its last closing price of $62.38

This summary was machine generated from LSEG data September 24 at 10:51 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)