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KB Home (KBH) shares dropped 6% in extended trading on Tuesday after the homebuilder's third-quarter profit fell short of Wall Street expectations.
The headline numbers for KB Home (KBH) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
That message of optimism was not resonating with investors late Tuesday.
LOS ANGELES--(BUSINESS WIRE)---- $KBH #earnings--KB Home (NYSE: KBH) today reported results for its third quarter ended August 31, 2024. “In the third quarter, we achieved strong year-over-year growth in both revenues and diluted earnings per share,” said Jeffrey Mezger, Chairman and Chief Executive Officer. “Net orders were flat with the year ago quarter. We experienced variability in demand across the quarter, with softening in late June through July, as buyers continued to evaluate elevated mortgage interest r.
KBH's third-quarter fiscal 2024 results are likely to gain from higher deliveries and ASP amid higher inflationary pressures.
KB Home KBH will release earnings results for its third quarter, after the closing bell on Tuesday.
KB Home KBH will release earnings results for its third quarter, after the closing bell on Tuesday, Sept. 24.
Besides Wall Street's top -and-bottom-line estimates for KB Home (KBH), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended August 2024.
KB Home (KBH) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
LOS ANGELES--(BUSINESS WIRE)-- #BuiltOnRelationships--KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., has been named to Newsweek®'s 2024 list of World's Most Trustworthy Companies. This award is presented by Newsweek and Statista Inc., the world's leading statistics portal and industry ranking provider, and can be viewed on Newsweek's website. “We are honored to be recognized by Newsweek as one of the World's Most Trustworthy Companies,” said Jeffrey Mezger, Chairman and Chief Execut.