Back to top
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Masco Corporation (MAS) - $25 value - yours FREE >>
PulteGroup, Inc. (PHM) - $25 value - yours FREE >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Masco Corporation (MAS) - $25 value - yours FREE >>
PulteGroup, Inc. (PHM) - $25 value - yours FREE >>
Image: Bigstock
KB Home Buys Land for New Single-Family Home Community
KB Home (KBH - Free Report) has bought 13 acres of land in Cary near US-1/US-64 where it plans to build 41 new homes at Wynwood community.
This Los Angeles, CA-based homebuilder’s planned Wynwood community will feature large homesites and single-family homes ranging from 2,194 to 3,098 square feet. This community is well connected with downtown Raleigh, I-40, I-440, US-64 and I-540.
The one- and two-story homes will follow ENERGY STAR guidelines and will be equipped with advanced energy- and water-saving features like WaterSense fixtures.
Development of the site is expected to start soon, with a grand opening planned for early next year. KB Home presently has seven communities open for new homes in the Triangle market.
KB HOME Price
KB HOME Price | KB HOME Quote
Q3 Recall
KB Home’s third-quarter 2016 earnings surpassed analysts’ expectations by 7.7% and also increased 83% year over year. Although the company failed to meet the consensus mark for revenues, the reported figure surged 8.3% on double-digit growth in deliveries and housing revenues as well as improved operating margin. Strong new orders (up 16%) and backlog (up 12%) should favor KB Home in 2017 as well.
That said, KB Home’s community count declined in the last reported quarter. It is expected to drop further in the fourth quarter. The company does not expect the count to improve before 2017 (read more: KB Home Tops Q3 Earnings, Revenues Miss Estimates).
Peer Earnings Release
On Oct 5, Acuity Brands, Inc. (AYI - Free Report) reported fourth-quarter fiscal 2016 adjusted earnings of $2.09 per share, missing the Zacks Consensus Estimate of $2.27 by 7.9%. The reported figure however increased 28.2% from $1.63 a year ago, led by higher volume and operating margin.
Upcoming Peer Releases in the Construction Sector
PulteGroup, Inc. (PHM - Free Report) will release its third-quarter 2016 earnings on Oct 20. The Zacks Consensus Estimate for the quarter is pegged at 43 cents per share.
Masco Corporation (MAS - Free Report) will report its third-quarter 2016 earnings on Oct 25. The Zacks Consensus Estimate for the quarter stands at 44 cents per share
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>