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Compared to Estimates, KB Home (KBH) Q1 Earnings: A Look at Key Metrics
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For the quarter ended February 2024, KB Home (KBH - Free Report) reported revenue of $1.47 billion, up 6% over the same period last year. EPS came in at $1.76, compared to $1.45 in the year-ago quarter.
The reported revenue represents a surprise of +1.18% over the Zacks Consensus Estimate of $1.45 billion. With the consensus EPS estimate being $1.56, the EPS surprise was +12.82%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how KB Home performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Backlog - Units: 5,796 versus 5,543 estimated by four analysts on average.
Average selling price: $480.10 million compared to the $477.09 million average estimate based on four analysts.
Unit deliveries - Total Homes: 3,037 versus 3,001 estimated by four analysts on average.
Net orders - Units: 3,323 compared to the 3,033 average estimate based on four analysts.
Backlog - Value: $2.79 billion versus $2.74 billion estimated by three analysts on average.
Average community count -Total: 240 versus 245 estimated by two analysts on average.
Ending community count: 238 compared to the 248 average estimate based on two analysts.
Total Revenues- Homebuilding- Housing: $1.46 billion versus $1.44 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.
Total Revenues- Financial services: $6.07 million compared to the $6.61 million average estimate based on five analysts. The reported number represents a change of +5% year over year.
Total Revenues- Homebuilding: $1.46 billion versus the five-analyst average estimate of $1.44 billion. The reported number represents a year-over-year change of +6%.
Total Revenues- Homebuilding- Land: $3.57 million versus $1.89 million estimated by three analysts on average.
Financial services pretax income: $11.58 million versus $8.87 million estimated by four analysts on average.
Shares of KB Home have returned +10.6% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, KB Home (KBH) Q1 Earnings: A Look at Key Metrics
For the quarter ended February 2024, KB Home (KBH - Free Report) reported revenue of $1.47 billion, up 6% over the same period last year. EPS came in at $1.76, compared to $1.45 in the year-ago quarter.
The reported revenue represents a surprise of +1.18% over the Zacks Consensus Estimate of $1.45 billion. With the consensus EPS estimate being $1.56, the EPS surprise was +12.82%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how KB Home performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Backlog - Units: 5,796 versus 5,543 estimated by four analysts on average.
- Average selling price: $480.10 million compared to the $477.09 million average estimate based on four analysts.
- Unit deliveries - Total Homes: 3,037 versus 3,001 estimated by four analysts on average.
- Net orders - Units: 3,323 compared to the 3,033 average estimate based on four analysts.
- Backlog - Value: $2.79 billion versus $2.74 billion estimated by three analysts on average.
- Average community count -Total: 240 versus 245 estimated by two analysts on average.
- Ending community count: 238 compared to the 248 average estimate based on two analysts.
- Total Revenues- Homebuilding- Housing: $1.46 billion versus $1.44 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.
- Total Revenues- Financial services: $6.07 million compared to the $6.61 million average estimate based on five analysts. The reported number represents a change of +5% year over year.
- Total Revenues- Homebuilding: $1.46 billion versus the five-analyst average estimate of $1.44 billion. The reported number represents a year-over-year change of +6%.
- Total Revenues- Homebuilding- Land: $3.57 million versus $1.89 million estimated by three analysts on average.
- Financial services pretax income: $11.58 million versus $8.87 million estimated by four analysts on average.
View all Key Company Metrics for KB Home here>>>Shares of KB Home have returned +10.6% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.