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KB Home (KBH) came out with quarterly earnings of $2.15 per share, beating the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.94 per share a year ago.
LOS ANGELES--(BUSINESS WIRE)---- $KBH #earnings--KB Home (NYSE: KBH) today reported results for its second quarter ended May 31, 2024. “We produced solid results in our 2024 second quarter, with our key metrics above the high end of our guidance ranges,” said Jeffrey Mezger, Chairman and Chief Executive Officer. “Buyers remained resilient in their desire for homeownership despite the volatility in mortgage interest rates. Our pace of monthly net orders per community was one of our highest second quarter levels in.
With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
Ivy Zelman, Zelman & Associates Co-Founder, joins 'Closing Bell: Overtime' to react to Lennar earnings and discuss the state of the housing sector.
KB Home KBH will release earnings results for its second quarter, after the closing bell on Tuesday.
In a holiday-shortened week, investors will be watching comments from Federal Reserve representatives and data from several economic releases that could help show whether inflation is likely to continue its downward path. Markets are closed on Wednesday for the Juneteenth national holiday.
CNBC's Jim Cramer on Friday guided investors through next week's most important happenings on Wall Street, including earnings reports from homebuilders Lennar and KB Home. He said that the housing sector can be the "linchpin" of the economy.
KB Home's (KBH) second-quarter fiscal 2024 results are likely to have been hurt by dismal Housing revenues primarily due to decline in deliveries.
KB Home KBH is set to release second-quarter financial results, after the closing bell on Tuesday.
KB Home (KBH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.