These Analysts Increase Their Forecasts On KB Home After Q2 Earnings

Benzinga Earnings
06/24

KB Home (NYSE:KBH) reported mixed financial results for the second quarter after the market closed on Tuesday.

KB Home reported second-quarter revenue of $1.11 billion, beating analyst estimates of $1.10 billion, according to Benzinga Pro. The homebuilder reported second-quarter earnings of 43 cents per share, missing analyst estimates of 45 cents per share.

"We produced solid second-quarter results that met or exceeded the mid-point of our key guidance ranges," said Jeffrey Mezger, executive chairman of KB Home.

KB Home expects $1.20 billion to $1.35 billion in housing revenue in the third quarter. The company also guided for full-year 2026 housing revenue of $4.90 billion to $5.30 billion.

KB Home shares rose 16.3% to trade at $61.32 on Wednesday.

These analysts made changes to their price targets on KB Home following earnings announcement.

  • UBS analyst John Lovallo maintained the stock with a Buy and raised the price target from $63 to $66.
  • Wells Fargo analyst Sam Reid maintained the stock with an Underweight rating and raised the price target from $50 to $52.

Considering buying KBH stock? Here’s what analysts think:

Photo via Shutterstock

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10