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Is KB Home (KBH) Stock Outpacing Its Construction Peers This Year?

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Investors focused on the Construction space have likely heard of KB Home (KBH - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

KB Home is a member of our Construction group, which includes 104 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. KBH is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for KBH's full-year earnings has moved 9.56% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, KBH has gained about 19.75% so far this year. Meanwhile, stocks in the Construction group have gained about 17.79% on average. This means that KB Home is outperforming the sector as a whole this year.

Looking more specifically, KBH belongs to the Building Products - Home Builders industry, a group that includes 19 individual stocks and currently sits at #101 in the Zacks Industry Rank. On average, stocks in this group have gained 18.13% this year, meaning that KBH is performing better in terms of year-to-date returns.

Investors in the Construction sector will want to keep a close eye on KBH as it attempts to continue its solid performance.


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