Here's Why KB Home Stock Is Jumping Today
Shares of KB Home (NYSE: KBH) are up 9.4% as of 3:37 p.m. EDT after the homebuilder reported better-than-expected earnings and calmed investors' fears about the impact of recent hurricanes and an unfortunate situation involving the company's CEO.
KB Home beat analysts' expectations on both the top and bottom lines. Earnings came in at $0.51 per share, $0.05 above expectations, and while the market was looking for revenue of $1.12 billion, the company delivered $1.14 billion. In addition, KB Home delivered 2,765 homes in the quarter, 29 more than expected.
Image source: Getty Images.
Source: Fool.com
KB Home Aktie
75,50 €
1,34 %
Des weiteren hat KB Home derzeit 12 Buy-Einschätzungen und 1 Sell-Einschätzungen durch unsere Community zu Buche stehen.
Mit einem aktuellen Kurs von 75.5 € hat KB Home das von der Community vorgegebene Kursziel von 76 € getroffen.
