KB Home (NYSE:KBH) posted better-than-expected earnings for the second quarter after the closing bell on Monday.
KB Home reported second-quarter revenue of $1.52 billion, beating analyst estimates of $1.51 billion. The company reported second-quarter earnings of $1.50 per share, beating analyst estimates of $1.47 per share, according to Benzinga Pro.
"Our second quarter financial performance was solid, with results meeting or exceeding our guidance ranges, as we continue to navigate the current environment. Our team is producing improvements in two key areas, lowering our build times and reducing direct construction costs, helping to strengthen our business," said Jeffrey Mezger, chairman and CEO of KB Home.
KB Home expects full-year 2025 housing revenue to be in the range of $6.3 billion to $6.5 billion, down from prior guidance of $6.6 billion to $7 billion. The company anticipates 2025 average selling prices of $480,000 to $490,000.
KB Home shares gained 0.8% to trade at $53.72 on Tuesday.
These analysts made changes to their price targets on KB Home following earnings announcement.
- B of A Securities analyst Rafe Jadrosich maintained KB Home with a Neutral and lowered the price target from $58 to $54.
- UBS analyst John Lovallo maintained the stock with a Buy and cut the price target from $86 to $80.
- Wells Fargo analyst Sam Reid maintained KB Home with an Underweight rating and lowered the price target from $53 to $52.
- Barclays analyst Matthew Bouley maintained the stock with an Equal-Weight rating and lowered the price target from $56 to $49.
- Evercore ISI Group analyst Stephen Kim maintained KB Home with an Outperform rating and cut the price target from $77 to $70.
Considering buying KBH stock? Here’s what analysts think:
Read This Next:
Photo via Shutterstock
