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.
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Source: Fool.com
KB Home Stock
€79.00
1.940%
We see a rather positive sentiment for KB Home with 14 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 76 € is below the current price of 79.0 € for KB Home, so the potential is actually -3.8%.
