KB Home Likely To Sharp Decline In Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

KB Home KBH is expected to report its financial results for its third quarter ended Aug. 31, 2023, after the closing bell on Sept. 20, 2023.

Analysts expect the company to post quarterly earnings at $1.43 per share, down sharply from year-ago earnings of $2.86 per share. The company’s revenue might come in at $1.48 billion, compared to $1.84 billion in the year-ago period.

KB Home shares rose 0.3% to close at $48.41 on Tuesday.

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.

• Raymond James analyst Buck Horne upgraded the stock from Market Perform to Outperform with a price target of $61 on July 14, 2023. This analyst has an accuracy rate of 72%.
• Wedbush analyst Jay McCanless maintained the stock with an Outperform rating and increased the price target from $55 to $64 on June 22, 2023. This analyst has an accuracy rate of 83%.
• Keefe, Bruyette & Woods analyst Jade Rahmani maintained the stock with a Market Perform rating and raised the price target from $45 to $47 on March 28, 2023. This analyst has an accuracy rate of 71%.
• JP Morgan analyst Michael Rehaut upgraded the stock from Underweight to Neutral and increased the price target from $32.5 to $42.5 on March 24, 2023. This analyst has an accuracy rate of 73%.
• UBS analyst John Lovallo maintained a Buy rating and increased the price target from $45 to $48 on March 23, 2023. This analyst has an accuracy rate of 70%.

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