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KB Home (KBH) To Report Earnings Tomorrow: Here Is What To Expect

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Homebuilder KB Home (NYSE: KBH) will be announcing earnings results this Tuesday after market hours. Here’s what to expect.

KB Home missed analysts’ revenue expectations last quarter, reporting revenues of $1.08 billion, down 22.6% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates.

Is KB Home a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting KB Home’s revenue to decline 28.5% year on year, a further deceleration from the 10.5% decrease it recorded in the same quarter last year.

KB Home Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. KB Home has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at KB Home’s peers in the industrials segment, only Lennar has reported results so far. It missed analysts’ revenue estimates, posting year-on-year sales declines of 5.2%. The stock price was unchanged following the results.

Read our full analysis of Lennar’s earnings results here.

There has been positive sentiment among investors in the industrials segment, with share prices up 3.6% on average over the last month. KB Home is up 10.8% during the same time and is heading into earnings with an average analyst price target of $55.15 (compared to the current share price of $54.53).

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