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.
KB Home (KBH) Stock Moves -0.15%: What You Should Know
Read MoreHide Full Article
KB Home (KBH - Free Report) closed the latest trading day at $52.95, indicating a -0.15% change from the previous session's end. The stock exceeded the S&P 500, which registered a loss of 0.53% for the day. Meanwhile, the Dow experienced a drop of 0.26%, and the technology-dominated Nasdaq saw a decrease of 0.83%.
The homebuilder's shares have seen a decrease of 1.27% over the last month, not keeping up with the Construction sector's gain of 3.1% and the S&P 500's gain of 5.17%.
Market participants will be closely following the financial results of KB Home in its upcoming release. It is anticipated that the company will report an EPS of $1.45, marking a 32.56% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.5 billion, down 12.55% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.05 per share and revenue of $6.64 billion, indicating changes of -16.57% and -4.11%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for KB Home. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.11% lower. KB Home is currently a Zacks Rank #4 (Sell).
In terms of valuation, KB Home is currently trading at a Forward P/E ratio of 7.52. Its industry sports an average Forward P/E of 9.36, so one might conclude that KB Home is trading at a discount comparatively.
We can also see that KBH currently has a PEG ratio of 2.4. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Building Products - Home Builders industry stood at 1.77 at the close of the market yesterday.
The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 226, placing it within the bottom 9% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
KB Home (KBH) Stock Moves -0.15%: What You Should Know
KB Home (KBH - Free Report) closed the latest trading day at $52.95, indicating a -0.15% change from the previous session's end. The stock exceeded the S&P 500, which registered a loss of 0.53% for the day. Meanwhile, the Dow experienced a drop of 0.26%, and the technology-dominated Nasdaq saw a decrease of 0.83%.
The homebuilder's shares have seen a decrease of 1.27% over the last month, not keeping up with the Construction sector's gain of 3.1% and the S&P 500's gain of 5.17%.
Market participants will be closely following the financial results of KB Home in its upcoming release. It is anticipated that the company will report an EPS of $1.45, marking a 32.56% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.5 billion, down 12.55% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.05 per share and revenue of $6.64 billion, indicating changes of -16.57% and -4.11%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for KB Home. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.11% lower. KB Home is currently a Zacks Rank #4 (Sell).
In terms of valuation, KB Home is currently trading at a Forward P/E ratio of 7.52. Its industry sports an average Forward P/E of 9.36, so one might conclude that KB Home is trading at a discount comparatively.
We can also see that KBH currently has a PEG ratio of 2.4. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Building Products - Home Builders industry stood at 1.77 at the close of the market yesterday.
The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 226, placing it within the bottom 9% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.