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KB Home (KBH) Registers a Bigger Fall Than the Market: Important Facts to Note
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KB Home (KBH - Free Report) closed the most recent trading day at $55.44, moving -1.11% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.52%. Meanwhile, the Dow experienced a drop of 0.51%, and the technology-dominated Nasdaq saw a decrease of 0.32%.
Coming into today, shares of the homebuilder had lost 0.07% in the past month. In that same time, the Construction sector lost 0.24%, while the S&P 500 gained 3.3%.
Analysts and investors alike will be keeping a close eye on the performance of KB Home in its upcoming earnings disclosure. In that report, analysts expect KB Home to post earnings of $0.88 per share. This would mark a year-over-year decline of 45.34%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.29 billion, down 20.14% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.3 per share and a revenue of $5.09 billion, indicating changes of -49.39% and -18.37%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for KB Home. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, KB Home possesses a Zacks Rank of #3 (Hold).
In terms of valuation, KB Home is presently being traded at a Forward P/E ratio of 17.01. This valuation marks a premium compared to its industry average Forward P/E of 14.75.
It's also important to note that KBH currently trades at a PEG ratio of 9.3. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Building Products - Home Builders industry currently had an average PEG ratio of 2.91 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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KB Home (KBH) Registers a Bigger Fall Than the Market: Important Facts to Note
KB Home (KBH - Free Report) closed the most recent trading day at $55.44, moving -1.11% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.52%. Meanwhile, the Dow experienced a drop of 0.51%, and the technology-dominated Nasdaq saw a decrease of 0.32%.
Coming into today, shares of the homebuilder had lost 0.07% in the past month. In that same time, the Construction sector lost 0.24%, while the S&P 500 gained 3.3%.
Analysts and investors alike will be keeping a close eye on the performance of KB Home in its upcoming earnings disclosure. In that report, analysts expect KB Home to post earnings of $0.88 per share. This would mark a year-over-year decline of 45.34%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.29 billion, down 20.14% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.3 per share and a revenue of $5.09 billion, indicating changes of -49.39% and -18.37%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for KB Home. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, KB Home possesses a Zacks Rank of #3 (Hold).
In terms of valuation, KB Home is presently being traded at a Forward P/E ratio of 17.01. This valuation marks a premium compared to its industry average Forward P/E of 14.75.
It's also important to note that KBH currently trades at a PEG ratio of 9.3. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Building Products - Home Builders industry currently had an average PEG ratio of 2.91 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.