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KB Home (KBH - Free Report) closed the most recent trading day at $52.01, moving +2.58% from the previous trading session. This move outpaced the S&P 500's daily gain of 2.35%. At the same time, the Dow added 2.15%, and the tech-heavy Nasdaq gained 2.74%.
Shares of the homebuilder witnessed a gain of 17.55% over the previous month, beating the performance of the Construction sector with its loss of 5.78%, and the S&P 500's loss of 5.6%.
Investors will be eagerly watching for the performance of KB Home in its upcoming earnings disclosure. The company is expected to report EPS of $1.21, down 36.98% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.53 billion, indicating a 9.68% downward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.26 per share and revenue of $5.02 billion. These totals would mark changes of -50% and -19.51%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for KB Home. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 0.19% higher. At present, KB Home boasts a Zacks Rank of #3 (Hold).
In the context of valuation, KB Home is at present trading with a Forward P/E ratio of 15.56. This expresses a premium compared to the average Forward P/E of 14.82 of its industry.
One should further note that KBH currently holds a PEG ratio of 2.63. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Building Products - Home Builders industry held an average PEG ratio of 2.43.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 236, putting it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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KB Home (KBH) Rises Higher Than Market: Key Facts
KB Home (KBH - Free Report) closed the most recent trading day at $52.01, moving +2.58% from the previous trading session. This move outpaced the S&P 500's daily gain of 2.35%. At the same time, the Dow added 2.15%, and the tech-heavy Nasdaq gained 2.74%.
Shares of the homebuilder witnessed a gain of 17.55% over the previous month, beating the performance of the Construction sector with its loss of 5.78%, and the S&P 500's loss of 5.6%.
Investors will be eagerly watching for the performance of KB Home in its upcoming earnings disclosure. The company is expected to report EPS of $1.21, down 36.98% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.53 billion, indicating a 9.68% downward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.26 per share and revenue of $5.02 billion. These totals would mark changes of -50% and -19.51%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for KB Home. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 0.19% higher. At present, KB Home boasts a Zacks Rank of #3 (Hold).
In the context of valuation, KB Home is at present trading with a Forward P/E ratio of 15.56. This expresses a premium compared to the average Forward P/E of 14.82 of its industry.
One should further note that KBH currently holds a PEG ratio of 2.63. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Building Products - Home Builders industry held an average PEG ratio of 2.43.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 236, putting it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.