We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Markets are trying to digest the new American order of tariffs across the globe. It’s led to some stocks getting absolutely demolished, while others actually stand to gain. There are some areas of the market that had been grappling with economic headwinds well before these tariffs were announced. One stock that’s wrestling with these headwinds is today’s Bear of the Day, KB Home ((KBH - Free Report) ).
KB Home operates as a homebuilding company in the United States.It builds and sells a variety of homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.
Over the course of last thirty days, four analysts have cut their earnings estimates for the current year and next year. That bearish behavior is the reason that the stock is currently a Zacks Rank #5 (Strong Sell). It’s also caused our Zacks Consensus Estimate to come down from $9.02 to $7.61 for the current year. Next year’s number has come down from $10.70 to $8.17. That means that current year earnings are set to contract by 9.94%. That’s on a flat revenue number of $6.93 billion this year.
CEO Jeffrey Mezger attributed the downturn to consumers grappling with affordability concerns and uncertainties related to macroeconomic and geopolitical issues, resulting in a more cautious approach to homebuying decisions. This hesitancy was evident during the typically robust spring selling season, which saw muted demand despite healthy traffic in KB Home communities.
KB Home is in the Building Products – Home Buildings industry which ranks in the Bottom 17% of our Zacks Industry Rank. There are two stocks which are in the good graces of our Zacks Rank in this industry. That includes Zacks Rank #2 (Buy) stocks Dream Finders Homes ((DFH - Free Report) ) and Persimmon ((PSMMY - Free Report) ).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Bear of the Day: KB Homes (KBH)
Markets are trying to digest the new American order of tariffs across the globe. It’s led to some stocks getting absolutely demolished, while others actually stand to gain. There are some areas of the market that had been grappling with economic headwinds well before these tariffs were announced. One stock that’s wrestling with these headwinds is today’s Bear of the Day, KB Home ((KBH - Free Report) ).
KB Home operates as a homebuilding company in the United States.It builds and sells a variety of homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.
Over the course of last thirty days, four analysts have cut their earnings estimates for the current year and next year. That bearish behavior is the reason that the stock is currently a Zacks Rank #5 (Strong Sell). It’s also caused our Zacks Consensus Estimate to come down from $9.02 to $7.61 for the current year. Next year’s number has come down from $10.70 to $8.17. That means that current year earnings are set to contract by 9.94%. That’s on a flat revenue number of $6.93 billion this year.
CEO Jeffrey Mezger attributed the downturn to consumers grappling with affordability concerns and uncertainties related to macroeconomic and geopolitical issues, resulting in a more cautious approach to homebuying decisions. This hesitancy was evident during the typically robust spring selling season, which saw muted demand despite healthy traffic in KB Home communities.
KB Home is in the Building Products – Home Buildings industry which ranks in the Bottom 17% of our Zacks Industry Rank. There are two stocks which are in the good graces of our Zacks Rank in this industry. That includes Zacks Rank #2 (Buy) stocks Dream Finders Homes ((DFH - Free Report) ) and Persimmon ((PSMMY - Free Report) ).