KB Home (NYSE:KBH) is trading up 51.29% versus 12-month low of 12.32 and stands -1.22% lower from its 1-year peak of $18.87. The consensus price target (PT) of $16.93 means that the market expects Company shares to increase by -8.2% in the short run. The sell-side target prices range from $13 to $22. In the last month the stock has moved in price 14.71%, with a one year change of 42.80%. The last trading session volume compares with the 2.54M average and market worth floats around 1.57B.
KB Home (NYSE:KBH) gained 1.08% to reach at the trading price of $18.64 as it is set to release its next quarterly earnings report on March 23, 2017. KB Home stock trades in the range of $18.46 to $18.91 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.13 a share with $804.02M in revenue.
KB Home (KBH) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast KB Home to earn $0.31 per share (EPS) on revenue of $931.03M. The EPS consensus range is $0.26-$0.36 on revenue between $997M and $870M.
While if we look at the Earnings Track Record, KB Home (KBH) managed to surpass quarterly earnings per share estimates in 9 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 75%. Last time the company reported, KB Home (KBH) generated $0.40 in earnings per share, beating the consensus estimate of $0.39. Revenues hit $1.19B in the November 2017 quarter, which was above the consensus $1.15B projection. On the other hand, in the August 2017 quarter the company recorded a net $913.28M revenue with earnings per share of $0.42. Wall Street had anticipated $944.14M and $0.39, respectively. For comparison, there was a revenue of $811.05M and EPS of $0.17 in the May 2016 period.
KB Home (NYSE:KBH) Analyst Insights
The buoyancy in the outlook of KB Home (KBH) is getting weaker by the somewhat negative sentiment (3.10 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Neutral. Raymond James has been covering shares of KBH, so it is most recent view is worth a look. In a research note issued on Feb 28, 2017, analysts at downgraded the stock to Neutral from Buy. Another noteworthy analyst activity was recorded on Jan 24, 2017. Downgraded the stock to Underperform from Mkt Perform.