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KB Home (KBH) Outpaces Stock Market Gains: What You Should Know
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KB Home (KBH - Free Report) closed at $42.14 in the latest trading session, marking a +1.32% move from the prior day. This change outpaced the S&P 500's 0.6% gain on the day.
Heading into today, shares of the homebuilder had gained 2.24% over the past month, outpacing the Construction sector's gain of 1.31% and the S&P 500's gain of 1.21% in that time.
KBH will be looking to display strength as it nears its next earnings release. In that report, analysts expect KBH to post earnings of $1.60 per share. This would mark year-over-year growth of 92.77%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.56 billion, up 56.18% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.24 per share and revenue of $6.03 billion. These totals would mark changes of +99.36% and +44.22%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for KBH. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.18% higher within the past month. KBH is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that KBH has a Forward P/E ratio of 6.67 right now. This represents a discount compared to its industry's average Forward P/E of 6.99.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 52, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow KBH in the coming trading sessions, be sure to utilize Zacks.com.
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KB Home (KBH) Outpaces Stock Market Gains: What You Should Know
KB Home (KBH - Free Report) closed at $42.14 in the latest trading session, marking a +1.32% move from the prior day. This change outpaced the S&P 500's 0.6% gain on the day.
Heading into today, shares of the homebuilder had gained 2.24% over the past month, outpacing the Construction sector's gain of 1.31% and the S&P 500's gain of 1.21% in that time.
KBH will be looking to display strength as it nears its next earnings release. In that report, analysts expect KBH to post earnings of $1.60 per share. This would mark year-over-year growth of 92.77%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.56 billion, up 56.18% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.24 per share and revenue of $6.03 billion. These totals would mark changes of +99.36% and +44.22%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for KBH. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.18% higher within the past month. KBH is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that KBH has a Forward P/E ratio of 6.67 right now. This represents a discount compared to its industry's average Forward P/E of 6.99.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 52, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow KBH in the coming trading sessions, be sure to utilize Zacks.com.