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Seeking Clues to KB Home (KBH) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
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Wall Street analysts expect KB Home (KBH - Free Report) to post quarterly earnings of $0.44 per share in its upcoming report, which indicates a year-over-year decline of 70.7%. Revenues are expected to be $1.09 billion, down 28.7% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some KB Home metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Total Revenues- Homebuilding- Housing' will reach $1.08 billion. The estimate indicates a change of -29% from the prior-year quarter.
The combined assessment of analysts suggests that 'Total Revenues- Financial services' will likely reach $4.54 million. The estimate suggests a change of -6.8% year over year.
The average prediction of analysts places 'Total Revenues- Homebuilding' at $1.08 billion. The estimate points to a change of -28.9% from the year-ago quarter.
According to the collective judgment of analysts, 'Backlog - Homes - Total' should come in at 4,690 . Compared to the present estimate, the company reported 4,776 in the same quarter last year.
The consensus estimate for 'Homes delivered - Total' stands at 2,326 . Compared to the current estimate, the company reported 3,120 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Net orders - Total' should arrive at 3,412 . Compared to the current estimate, the company reported 3,460 in the same quarter of the previous year.
Analysts' assessment points toward 'Average selling price' reaching $462.65 million. The estimate is in contrast to the year-ago figure of $488.70 million.
The collective assessment of analysts points to an estimated 'Ending community count' of 274 . Compared to the current estimate, the company reported 253 in the same quarter of the previous year.
It is projected by analysts that the 'Backlog - Value - Total' will reach $2.25 billion. Compared to the present estimate, the company reported $2.29 billion in the same quarter last year.
Analysts expect 'Average community count' to come in at 275 . Compared to the current estimate, the company reported 254 in the same quarter of the previous year.
Analysts predict that the 'Financial services pretax income' will reach $6.41 million. The estimate is in contrast to the year-ago figure of $8.16 million.
Analysts forecast 'Operating Income- Homebuilding' to reach $24.03 million. The estimate compares to the year-ago value of $131.46 million.
Over the past month, shares of KB Home have returned +19.5% versus the Zacks S&P 500 composite's +1.6% change. Currently, KBH carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Seeking Clues to KB Home (KBH) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
Wall Street analysts expect KB Home (KBH - Free Report) to post quarterly earnings of $0.44 per share in its upcoming report, which indicates a year-over-year decline of 70.7%. Revenues are expected to be $1.09 billion, down 28.7% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some KB Home metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Total Revenues- Homebuilding- Housing' will reach $1.08 billion. The estimate indicates a change of -29% from the prior-year quarter.
The combined assessment of analysts suggests that 'Total Revenues- Financial services' will likely reach $4.54 million. The estimate suggests a change of -6.8% year over year.
The average prediction of analysts places 'Total Revenues- Homebuilding' at $1.08 billion. The estimate points to a change of -28.9% from the year-ago quarter.
According to the collective judgment of analysts, 'Backlog - Homes - Total' should come in at 4,690 . Compared to the present estimate, the company reported 4,776 in the same quarter last year.
The consensus estimate for 'Homes delivered - Total' stands at 2,326 . Compared to the current estimate, the company reported 3,120 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Net orders - Total' should arrive at 3,412 . Compared to the current estimate, the company reported 3,460 in the same quarter of the previous year.
Analysts' assessment points toward 'Average selling price' reaching $462.65 million. The estimate is in contrast to the year-ago figure of $488.70 million.
The collective assessment of analysts points to an estimated 'Ending community count' of 274 . Compared to the current estimate, the company reported 253 in the same quarter of the previous year.
It is projected by analysts that the 'Backlog - Value - Total' will reach $2.25 billion. Compared to the present estimate, the company reported $2.29 billion in the same quarter last year.
Analysts expect 'Average community count' to come in at 275 . Compared to the current estimate, the company reported 254 in the same quarter of the previous year.
Analysts predict that the 'Financial services pretax income' will reach $6.41 million. The estimate is in contrast to the year-ago figure of $8.16 million.
Analysts forecast 'Operating Income- Homebuilding' to reach $24.03 million. The estimate compares to the year-ago value of $131.46 million.
View all Key Company Metrics for KB Home here>>>Over the past month, shares of KB Home have returned +19.5% versus the Zacks S&P 500 composite's +1.6% change. Currently, KBH carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .