Analysts Adjust Predictions for KB Home Ahead of Q4 Earnings
Analysts Predictions for KB Home's Q4 Earnings
KB Home (NYSE: KBH) is on the verge of announcing its fourth-quarter earnings. Analysts have been evaluating the company's performance and adjusting their predictions accordingly. With a backdrop of evolving market conditions, these insights are crucial for potential investors.
Anticipated Earnings and Revenue
Analysts are forecasting that KB Home will report earnings of approximately $2.46 per share, which marks a significant increase from $1.85 per share reported during the same period last year. Additionally, the revenue for the quarter is expected to reach around $1.99 billion, reflecting growth from last year's $1.67 billion.
Recent Performance Indicators
In its third-quarter report, KB Home announced a revenue figure of $1.75 billion, surpassing analyst expectations of $1.728 billion. The company’s third-quarter earnings of $2.04 per share also exceeded predictions of $2.02 per share, signaling strong momentum heading into Q4.
Stock Movement Trends
Following these announcements, there has been a slight decrease in KB Home's share price, closing down by 1.6% at $64.64. This change highlights the ever-fluctuating nature of stock performance based on investor sentiment and market reactions to earnings reports.
Analyst Recommendations and Price Targets
Recent ratings from notable analysts provide varied perspectives on KB Home's stock potential:
- JP Morgan's Michael Rehaut maintains a Neutral stance but reduced his price target from $92.5 to $82.
- Barclays' Matthew Bouley moved from Overweight to Equal-Weight, adjusting the price target from $99 to $85.
- Wedbush's Jay McCanless kept a Neutral rating while raising the price target from $67 to $75.
- B of A Securities' Rafe Jadrosich sustained a Neutral rating, boosting his price target from $75 to $90.
- RBC Capital's Mike Dahl shifted from Sector Perform to Underperform, setting a price target of $70.
Investor Considerations
For those contemplating an investment in KBH stock, these insights serve as a critical tool in making informed decisions. The diverse opinions from analysts indicate that while there are some bullish sentiments, there are also cautionary tones that potential investors should consider.
Frequently Asked Questions
What are KB Home's expected earnings for Q4?
KB Home is anticipated to report earnings of approximately $2.46 per share for the fourth quarter.
How did KB Home perform in the third quarter?
In the third quarter, KB Home reported $1.75 billion in revenue, beating analyst expectations.
What adjustments have analysts made to their price targets?
Analysts have made several adjustments, with some lowering their targets while others have raised them, reflecting varying market conditions.
How have KB Home's stocks trended recently?
Recently, KB Home shares have experienced a slight decline, closing at $64.64 after a 1.6% drop.
What should investors watch for regarding KB Home?
Investors should closely monitor the company's earnings report and analyst ratings as they assess future investment opportunities.
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