The U.S. construction is trying to stage a steady comeback as price pressure and borrowing rates continue to ease. September saw a modest rise in construction spending. However, it hit a four-month high, indicating that the sector is recovering from its earlier lows. Residential construction, which had largely been responsible for driving construction spending in the past, saw an uptick in September, fueling overall spending on construction. Homebuilder confidence is also rising fast, with building permits ...

Core Viewpoint - KB Home reported mixed results for Q3 fiscal 2024, with earnings meeting estimates and revenues exceeding expectations, indicating a stable demand despite economic concerns [2][3]. Earnings & Revenue Discussion - Adjusted earnings per share (EPS) for Q3 were $2.04, a 13.3% increase from $1.80 in the previous year, driven by higher net income and share repurchases [3]. - Total revenues reached $1.75 billion, surpassing the consensus estimate of $1.73 billion by 1.5% and reflecting a year-over-year increase of 10.4% [3]. Segment Details - Homebuilding revenues were $1.746 billion, up 10.5% year-over-year, with 3,631 homes delivered, a 7.6% increase from the previous year [4]. - The average selling price (ASP) rose 3.1% to $480,900, while net orders slightly decreased to 3,085 units, though their value increased by 2% to $1.54 billion [4]. - The backlog at the end of the quarter was 5,724 homes, down 1.8% from the previous year, with potential housing revenues from the backlog declining 14% to $2.92 billion [4]. Financial Position - As of August 31, 2024, KB Home had cash and cash equivalents of $374.9 million, down from $727.1 million at the end of fiscal 2023, with total liquidity of $1.46 billion [5]. - The debt-to-capital ratio improved to 29.8% from 30.7% at the end of 2023 [5]. Share Repurchase Activity - In Q3, KB Home repurchased approximately 1.87 million shares for $150 million, with $800 million remaining under the repurchase authorization as of August 31, 2024 [6]. Fiscal 2024 Guidance - The company raised its housing revenue expectation to a range of $6.85-$6.95 billion, up from the previous estimate of $6.70-$6.90 billion, and ASP is now projected at $490,000 [7]. - Housing gross margin is expected to be between 21.1% and 21.2%, slightly down from earlier projections, while operating margin is anticipated to be in the range of 11.1%-11.2% [7]. Market Sentiment - KB Home has a Zacks Rank 2 (Buy), indicating expectations for above-average returns in the coming months [10].

KB Home (NYSE:KBH) stock is slipping today, down 1.6% at $77.19 at last glance. The stock is mirroring a familiar pattern since mid-July, however, as it's consistently pulled back to the $78 region before a short-term bounce. This time around, long-term support at the 126-day moving average lingers below as well. Per Schaeffer's Senior Quantitative Analyst Rocky White, the homebuilding name has come within striking distance of its 126-day trendline four other times in the past three years, after trading abo ...

Investors interested in stocks from the Building Products - Home Builders sector have probably already heard of KB Home (KBH) and D.R. Horton (DHI) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank ...

The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. KB Home (KBH) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.KB Home is one of 88 individual stocks in the Construction sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended August 31, 2024. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from [ ] to [ ]. Commission File No. 001-09195 KB HOME (Exact name of registrant as specified in its charter) Delaware 95-3666267 (State of incorporation) (IRS employer i ...

KB Home (NYSE:KBH) is down 2.9% to trade at $79.42 this morning, after Wells Fargo downgraded the homebuilder stock to "underperform" from "equal weight." The analyst in coverage noted KBH could lag its sector competitors in 2025 amid structurally lower EBIT margins.The analyst did, however, raise its price target to $83 from $80. Coming into today, the majority of analysts were already pessimistic, and the 12-month average target price of $84.92 is a 6.2% premium to the equity's current perch.KBH is now te ...

The economy typically has three leading industries that investors can watch closely when trying to figure out the potential future of the stock market. Of course, consumer discretionary is a big part of this mix, as the United States economy is increasingly made up of consumer trends and debt. Following these consumer trends is the mortgage market, which is an extension of the real estate sector.A third industry just as connected to the rest is the transportation sector, particularly the trucking industry, ...

KB Home (KBH) reported mixed results for third-quarter fiscal 2024 (ended Aug. 31, 2024). Its earnings met the Zacks Consensus Estimate, while revenues beat the same. On a year-over-year basis, both metrics increased.Shares of this leading homebuilder dipped 6% in the after-market trading session on Tuesday. Investors’ sentiments might have been hurt by tepid gross and operating margins in the fiscal third quarter, as well as lowered expectations for the same.The company noted that it experienced variabilit ...

KB Home (NYSE:KBH) reported fiscal third-quarter results after the close yesterday, with earnings of $2.04 per share missing estimates by two cents, while revenue of $1.75 billion came in slightly above expectations. Plus, the homebuilding name's full-year housing revenue forecast and expected operating gross margin disappointed. This is against the backdrop of a decline in new home sales, per U.S. data released this morning. At last glance, KBH was down 4.3% at $83.70, falling further from its recent Sept. ...