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

• KB Home KBH.N reported quarterly adjusted earnings of $1.05​​ per share for the quarter ended August 31, lower than the same quarter last year, when the company reported EPS of $1.61. The mean expectation of fifteen analysts for the quarter was for earnings of 89 cents per share. Wall Street expected results to range from 82 cents to 95 cents per share.

• Revenue fell 27.3% to $1.30 billion from a year ago; analysts expected $1.29 billion.

• KB Home's reported EPS for the quarter was 43 cents​.

• The company reported quarterly net income of $27.35 million.

• KB Home shares had fallen by 23.5% this quarter and lost 15.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 3 "strong buy" or "buy," 10 "hold" and 4 "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 $56.33, about 13.7% above its last closing price of $48.59

This summary was machine generated from LSEG data September 22 at 11:24 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)