KB Home (KBH) Misses Q3 EPS by 2c

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Go back to KB Home (KBH) Misses Q3 EPS by 2c

BTIG Reiterates Neutral Rating on KB Home (KBH)

September 26, 2024 5:46 AM EDT

BTIG analyst Carl Reichardt Jr. reiterated a Neutral rating on KB Home (NYSE: KBH).

The analyst comments "KBH reported 3Q24 EPS of $2.04, below our $2.10 est. (consensus $2.07). The miss was driven by lower gross margins and ASP than our ests., slightly offset by lower SG&A/sales ratio and stronger deliveries than we modeled. Unit orders declined 0.4% vs. our... More