Published • loading... • Updated
KB Home (NYSE:KBH) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS
The builder beat profit and revenue estimates as backlog rose 3% to $2.05 billion and it repurchased about $50 million of stock.
- On Tuesday, KBH reported third-quarter earnings of $1.05 per share, beating estimates of 89 cents per share. Revenue reached $1.297 billion, exceeding analyst estimates of $1.294 billion, according to Benzinga Pro.
- Jeffrey Mezger, executive chairman of KBH, described a challenging market where higher mortgage interest rates and geopolitical uncertainty have caused prospective buyers to be "more cautious on purchasing a home."
- KBH delivered 2,732 homes in the quarter, a 19% year-over-year decline, while net orders fell 12% to 2,604. The average selling price decreased to $473,000 from $475,700 during the same period.
- Ending backlog value rose 3% to $2.05 billion, marking the first increase in four years. KBH ended the period with $942.4 million in total liquidity and repurchased approximately $50 million of common stock.
- KBH projects full-year 2026 housing revenue between $4.90 billion and $5.10 billion. Fourth-quarter housing revenue is expected to range from $1.45 billion to $1.65 billion.
Insights by Ground AI
16 Articles
16 Articles
KB Home (NYSE:KBH) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS
KB Home (NYSE:KBH - Get Free Report) issued its earnings results on Tuesday. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.16. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.30 billion. KB Home had a net margin of 4.94% and a return on equity of 7.67%.
·Sioux Falls, United States
Read Full ArticleCoverage Details
Total News Sources16
Leaning Left2Leaning Right1Center9Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 17%
C 75%
Factuality
To view factuality data please Upgrade to Premium
