Form 8-K KB HOME For: Jun 22
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KB Home (KBH) Receives Wall Street Praise Following Strong Q2, Backlog
June 23, 2022 6:41 AM EDTKB Home (NYSE: KBH) shares were trading more than 3% higher in pre-open trading Thursday following the homebuilder's better-than-expected Q2 earnings results, which Wall Street analysts praised.
The company posted EPS of $2.32, well ahead of the consensus estimate of $2.00. Revenue grew 19% year-over-year to $1.72 billion, beating the consensus estimate of $1.61 billion.
Ending backlog value increased 43% year-over-year to $6.12 billion, which represents the highest ever second-quarter level. Net order value increased 4% year-over-year to $2.12 billion, with net... More
