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KB Home (KBH) Stock Falls Amid Market Uptick: What Investors Need to Know
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KB Home (KBH - Free Report) closed at $65.92 in the latest trading session, marking a -2.8% move from the prior day. This change lagged the S&P 500's daily gain of 0.27%. Meanwhile, the Dow gained 0.43%, and the Nasdaq, a tech-heavy index, added 0.37%.
Prior to today's trading, shares of the homebuilder had gained 15.34% outpaced the Construction sector's gain of 4.79% and the S&P 500's gain of 1.85%.
Analysts and investors alike will be keeping a close eye on the performance of KB Home in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.5, signifying a 26.47% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.61 billion, indicating a 8.07% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.48 per share and revenue of $6.41 billion, which would represent changes of -23.31% and -7.57%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for KB Home. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.13% lower. Right now, KB Home possesses a Zacks Rank of #3 (Hold).
In the context of valuation, KB Home is at present trading with a Forward P/E ratio of 10.47. This expresses a discount compared to the average Forward P/E of 11.93 of its industry.
Meanwhile, KBH's PEG ratio is currently 5.51. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. KBH's industry had an average PEG ratio of 2.69 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 229, this industry ranks in the bottom 8% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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KB Home (KBH) Stock Falls Amid Market Uptick: What Investors Need to Know
KB Home (KBH - Free Report) closed at $65.92 in the latest trading session, marking a -2.8% move from the prior day. This change lagged the S&P 500's daily gain of 0.27%. Meanwhile, the Dow gained 0.43%, and the Nasdaq, a tech-heavy index, added 0.37%.
Prior to today's trading, shares of the homebuilder had gained 15.34% outpaced the Construction sector's gain of 4.79% and the S&P 500's gain of 1.85%.
Analysts and investors alike will be keeping a close eye on the performance of KB Home in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.5, signifying a 26.47% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.61 billion, indicating a 8.07% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.48 per share and revenue of $6.41 billion, which would represent changes of -23.31% and -7.57%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for KB Home. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.13% lower. Right now, KB Home possesses a Zacks Rank of #3 (Hold).
In the context of valuation, KB Home is at present trading with a Forward P/E ratio of 10.47. This expresses a discount compared to the average Forward P/E of 11.93 of its industry.
Meanwhile, KBH's PEG ratio is currently 5.51. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. KBH's industry had an average PEG ratio of 2.69 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 229, this industry ranks in the bottom 8% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.