KB Home (KBH) to Report Q1 Earnings: What's in the Offing?

Published on 19 Mar 2024 on Zacks via Yahoo Finance

KB Home (KBH) to Report Q1 Earnings: What's in the Offing?

KB Home KBH is slated to report first-quarter fiscal 2024 results (ended Feb 29) on Mar 20, 2024, after market close.In the last reported quarter, its earnings and revenues beat the Zacks Consensus Estimate by 9.5% and 4.1%, respectively. On a year-over-year basis, revenues and earnings decreased 13.7% and 25.1%, respectively.The company’s earnings topped analysts’ expectations in 29 of the trailing 32 quarters.

Trend in Estimate Revision

For the quarter to be reported, the Zacks Consensus Estimate for earnings has increased to $1.56 per share from $1.51 over the past 60 days. The projected figure indicates a 7.6% increase from the year-ago quarter’s earnings of $1.45 per share. The consensus estimate for revenues is pegged at $1.45 billion, suggesting growth of 4.8% from the prior-year quarter’s levels.

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KB Home (KBH) to Report Q1 Earnings: What's in the Offing?

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