KB Home: Analysts Upgrade Earnings Expectations Ahead of Q4 Print

Generated by AI AgentWesley Park
Friday, Jan 3, 2025 3:08 am ET1min read
KBH--


As KB Home (KBH) gears up to report its fourth quarter earnings, analysts have been busy revising their estimates, reflecting a more optimistic outlook on the homebuilder's performance. The company is expected to release its earnings report on Thursday, January 9, 2025, after the market close. Here's a look at the recent forecast changes from Wall Street's most accurate analysts:



1. Earnings per Share (EPS) Estimates: Analysts have increased their EPS estimates for KBH's Q4 2024, with the consensus target now at $2.46 per share, up from $1.85 in the year-ago period. This represents a year-over-year change of +32.4%. In the third quarter of 2024, KBH reported EPS of $2.04, beating analyst estimates of $2.02 per share.
2. Revenue Estimates: Revenue estimates for KBH's Q4 2024 have also been revised upward, with analysts now projecting $1.99 billion, up 19% from the same period a year ago. In the third quarter of 2024, KBH's revenue grew 10% year-over-year to $1.75 billion, beating analyst estimates of $1.728 billion.
3. Analyst Recommendations: As of December 31, 2024, KBH had 13 analyst opinions, with 13 analysts maintaining a 'hold' rating on the stock. However, the number of analysts with a 'buy' or 'trong buy' rating has increased, indicating a more positive outlook on the company's prospects.



KB Home's strong Q3 results and positive outlook for the fourth quarter have contributed to the upward revision of analysts' earnings expectations. The company's built-to-order business model, focus on affordability, and strategic land investments have positioned it well to capitalize on the improving housing market and stable employment rates.

As KB Home prepares to report its Q4 earnings, investors should pay close attention to the company's guidance for the upcoming quarter and fiscal year 2025. The homebuilder's ability to maintain its strong earnings momentum and capitalize on the favorable market conditions will be crucial in determining its stock price performance in the coming months.

In conclusion, KB Home's recent earnings forecast changes from Wall Street's most accurate analysts reflect a more optimistic outlook on the company's Q4 performance and prospects for the coming year. As the homebuilder gears up to report its earnings, investors should closely monitor the company's results and guidance to make informed investment decisions.

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