NYSE:KBH - New York Stock Exchange, Inc. - US48666K1097 - Common Stock
Homebuilder (NYSE:DHI) will be announcing earnings results tomorrow morning. Here’s what you need to know.
Shares of homebuilder KB Home (NYSE:KBH) jumped 5% in the morning session after the company reported strong fourth-quarter results that exceeded analysts' backlog expectations. This figure is a leading indicator of revenue and a major focus of the markets. Its revenue also narrowly outperformed Wall Street's estimates. Management made constructive comments about the macro, noting that "Net orders rose roughly 40% year over year, as buyers continued to demonstrate a desire for homeownership and housing market conditions improved relative to last year". On the other hand, its EBITDA missed and its full-year revenue guidance fell slightly short of Wall Street's estimates. Zooming out, we think this was a mixed quarter. The market seemed to focus on the top-line strength, and the stock traded up.
Diluted earnings per share grew 36% to $2.52, beating consensus estimates of $2.44
Discover the top movers in Monday's after-hours session and stay informed about the post-market dynamics.
Wall Street analysts expect the homebuilder to report earnings per share of $2.44 on revenue of $1.99 billion
Homebuilder KB Home (NYSE:KBH) will be reporting earnings tomorrow after market close. Here’s what you need to know.
KB Home (NYSE:KBH) will release earnings for its fourth quarter, after the closing bell on Thursday, Jan. 9. Analysts expect the Los Angeles-based company to report quarterly earnings at $2.46 per share, up from $1.85 per share in the year-ago period. KB Home projects to report quarterly revenue of $1.99 billion, compared to $1.67 billion a year earlier, according to data from Benzinga Pro. On Dec. 17, Wells Fargo analyst Sam Reid maintained KB Home with an Underweight rating. He also lowered th