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News Breaks | | | | December 19, 2012 | | 12:23 EDT |  | KBH | Earnings Preview: KB Home nears 52-week high ahead of Q4 report
KB Home (KBH) is expected to report Q4 earnings Thursday, December 20 before the market open, with a conference call scheduled for 11:30 am EST. Analysts are looking for EPS of 6c on revenue of $567.06M. The consensus range is wide at (5c)-18c for EPS, and $479.39M-$602M for revenue, according to First Call. The company reported mixed Q3 results, beating EPS but narrowly missing its revenue target. On its Q3 conference call, management said it expected the company to be profitable in Q4 and anticipated higher average selling prices going forward. The company’s CEO, Jeff Mezger, said the recovery in the housing market was gaining momentum, inventory levels were declining, and home prices were rising. KB’s backlog at the end of Q3 reached its highest level since 2008, rising to $744.7M. On November 21, U.S. housing starts increased to a four-year high of 894,000. This was the fastest rate since July of 2008, a positive sign for the homebuilders. Sentiment on the Street regarding KB Home has been mixed recently, with several upgrades and downgrades over the past three months. The stock has traded significantly higher since Q3 results were released, moving from around $13 to a recent $16.89 a share. A fresh 52-week high of $17.30 was made in October, and the shares are again approaching that level. | |
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News For KBH From The Last 14 Days Check below for free stories on KBH the last two weeks. |
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| May 23, 2013 | | 10:19 EDT |  | KBH | Home builders climb after April new home sales top expectations
 Subscribe for More Information | | | May 22, 2013 | | 10:01 EDT | | KBH | KB Home acquires land in Jefferson County, CO
Subscribe for More Information | | | May 21, 2013 | | 07:41 EDT |  | KBH | JPMorgan to host a conference
Subscribe for More Information | | | May 14, 2013 | | 10:01 EDT |  | KBH | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AVG Technologies (AVG) downgraded to Neutral from Buy at Goldman... Cigna (CI) downgraded to Hold from Buy at Jefferies... Cree (CREE) downgraded to Neutral from Buy at Sterne Agee... Melco Crown (MPEL) downgraded to Neutral from Buy at UBS... SolarCity (SCTY) downgraded to Neutral from Buy at Roth Capital... KB Home (KBH) downgraded to Market Perform from Outperform at Raymond James... Ryland Group (RYL) downgraded to Underperform from Market Perform at Raymond James... Alere (ALR) downgraded to Hold from Buy at Craig-Hallum... Evolution Petroleum (EPM) downgraded to Hold from Buy at MLV Equity... Oil States (OIS) downgraded to Hold from Buy at BB&T... VIVUS (VVUS) downgraded to Neutral from Buy at Lazard Capital. | | | 08:04 EDT | | KBH | KB Home downgraded to Market Perform from Outperform at Raymond James
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