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Curious about KB Home (KBH) Q3 Performance? Explore Wall Street Estimates for Key Metrics
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Wall Street analysts expect KB Home (KBH - Free Report) to post quarterly earnings of $0.88 per share in its upcoming report, which indicates a year-over-year decline of 45.3%. Revenues are expected to be $1.29 billion, down 20.2% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 2.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific KB Home metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Total Revenues- Homebuilding- Housing' will reach $1.28 billion. The estimate indicates a change of -20.4% from the prior-year quarter.
Based on the collective assessment of analysts, 'Total Revenues- Financial services' should arrive at $5.68 million. The estimate points to a change of -5.6% from the year-ago quarter.
The combined assessment of analysts suggests that 'Total Revenues- Homebuilding' will likely reach $1.29 billion. The estimate indicates a change of -20.4% from the prior-year quarter.
According to the collective judgment of analysts, 'Ending community count' should come in at 273 . The estimate compares to the year-ago value of 264 .
The consensus among analysts is that 'Backlog - Homes - Total' will reach 4,604 . The estimate is in contrast to the year-ago figure of 4,333 .
The average prediction of analysts places 'Homes delivered - Total' at 2,723 . Compared to the current estimate, the company reported 3,393 in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Net orders - Total' of 2,800 . Compared to the current estimate, the company reported 2,950 in the same quarter of the previous year.
The consensus estimate for 'Average selling price' stands at $470.94 million. The estimate is in contrast to the year-ago figure of $487.50 million.
Analysts' assessment points toward 'Backlog - Value - Total' reaching $2.14 billion. Compared to the present estimate, the company reported $1.99 billion in the same quarter last year.
Analysts forecast 'Average community count' to reach 276 . The estimate is in contrast to the year-ago figure of 259 .
Analysts predict that the 'Homebuilding pretax income' will reach $60.61 million. Compared to the current estimate, the company reported $134.54 million in the same quarter of the previous year.
Analysts expect 'Financial services pretax income' to come in at $7.18 million. Compared to the present estimate, the company reported $8.69 million in the same quarter last year.
Shares of KB Home have experienced a change of -13.7% in the past month compared to the -2.9% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), KBH is expected to 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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Curious about KB Home (KBH) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Wall Street analysts expect KB Home (KBH - Free Report) to post quarterly earnings of $0.88 per share in its upcoming report, which indicates a year-over-year decline of 45.3%. Revenues are expected to be $1.29 billion, down 20.2% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 2.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific KB Home metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Total Revenues- Homebuilding- Housing' will reach $1.28 billion. The estimate indicates a change of -20.4% from the prior-year quarter.
Based on the collective assessment of analysts, 'Total Revenues- Financial services' should arrive at $5.68 million. The estimate points to a change of -5.6% from the year-ago quarter.
The combined assessment of analysts suggests that 'Total Revenues- Homebuilding' will likely reach $1.29 billion. The estimate indicates a change of -20.4% from the prior-year quarter.
According to the collective judgment of analysts, 'Ending community count' should come in at 273 . The estimate compares to the year-ago value of 264 .
The consensus among analysts is that 'Backlog - Homes - Total' will reach 4,604 . The estimate is in contrast to the year-ago figure of 4,333 .
The average prediction of analysts places 'Homes delivered - Total' at 2,723 . Compared to the current estimate, the company reported 3,393 in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Net orders - Total' of 2,800 . Compared to the current estimate, the company reported 2,950 in the same quarter of the previous year.
The consensus estimate for 'Average selling price' stands at $470.94 million. The estimate is in contrast to the year-ago figure of $487.50 million.
Analysts' assessment points toward 'Backlog - Value - Total' reaching $2.14 billion. Compared to the present estimate, the company reported $1.99 billion in the same quarter last year.
Analysts forecast 'Average community count' to reach 276 . The estimate is in contrast to the year-ago figure of 259 .
Analysts predict that the 'Homebuilding pretax income' will reach $60.61 million. Compared to the current estimate, the company reported $134.54 million in the same quarter of the previous year.
Analysts expect 'Financial services pretax income' to come in at $7.18 million. Compared to the present estimate, the company reported $8.69 million in the same quarter last year.
View all Key Company Metrics for KB Home here>>>Shares of KB Home have experienced a change of -13.7% in the past month compared to the -2.9% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), KBH is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .