KB Home (NYSE: KBH ) is expected to report Q2 earnings on June 29. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict KB Home's revenues will increase 8.7% and EPS will remain in the red.
The average estimate for revenue is $295.4 million. On the bottom line, the average EPS estimate is -$0.33.
Last quarter, KB Home recorded revenue of $254.6 million. GAAP reported sales were 29% higher than the prior-year quarter's $196.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.48. GAAP EPS were -$0.59 for Q1 compared to -$1.49 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 13.0%, 70 basis points worse than the prior-year quarter. Operating margin was -8.9%, 260 basis points better than the prior-year quarter. Net margin was -18.0%, 4,020 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.47 billion. The average EPS estimate is -$0.94.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 569 members out of 1,231 rating the stock outperform, and 662 members rating it underperform. Among 350 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 132 give KB Home a green thumbs-up, and 218 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on KB Home is hold, with an average price target of $9.72.
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