KB Home Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

KB Home KBH is projected to release financial results for its fourth quarter ended Nov. 30, 2023, after the closing bell on Jan. 10, 2024.

Analysts expect the company to post quarterly earnings at $1.69 per share, down from year-ago earnings of $2.47 per share. The company’s revenue might come in at $1.62 billion for the latest quarter, compared to $1.94 billion in the year-earlier quarter, according to data from Benzinga Pro.

KB Home, during September, reported a third-quarter FY23 sales decline of 13.9% year-on-year to $1.59 billion, beating the analyst consensus of $1.48 billion.

KB Home shares gained 2.3% to close at $62.76 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Barclays analyst Matthew Bouley maintained an Overweight rating and raised the price target from $57 to $68 on Dec. 13, 2023. This analyst has an accuracy rate of 75%.
• Deutsche Bank analyst Joe Ahlersmeyer downgraded the stock from Hold to Sell with a price target of $46 on Dec. 8, 2023. This analyst has an accuracy rate of 79%.
• Wedbush analyst Jay McCanless downgraded the stock from Outperform to Neutral with a price target of $55 on Nov. 20, 2023. This analyst has an accuracy rate of 82%.
• Seaport Global analyst Mark Weintraub upgraded the stock from Neutral to Buy with a price target of $58 on Nov. 2, 2023. This analyst has an accuracy rate of 79%.
• UBS analyst John Lovallo maintained a Buy rating and increased the price target from $65 to $68 on Sept. 21, 2023. This analyst has an accuracy rate of 75%.

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