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New community in San Diego County within walking distance of local schools, parks and outdoor recreation is now open for tours.

, /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the opening of Townsend, which offers a rare opportunity to own a new townhome in Santee, California.  

Townsend at a Glance:

KB Home, one of the largest and most trusted homebuilders in the U.S., today announced the opening of Townsend, which offers a rare opportunity to own a new townhome in Santee, California. Price: From the mid $700,000s Location: Santee, California, at the corner of Mission Gorge Road and Aubrey Glen Drive near Highways 52 and 125 Home type: Three-story paired homes Bedrooms/baths: 3 bedrooms and 2.5 baths School districts: Santee School District Amenities: Planned community open space, turf area, picnic seating and children's playground Townsend is in a central San Diego County location that provides convenient access to Interstate 8, Highway 52 and Highway 125, which connect residents to San Diego International Airport and major employers in Miramar, Sorrento Valley, Kearny Mesa and El Cajon. The community is a short drive to popular beaches and downtown San Diego for world-class shopping, dining and entertainment. Outdoor enthusiasts will also appreciate being minutes from hiking and biking at Mission Trails Regional Park.

The homes at Townsend are designed for contemporary living, with modern kitchens overlooking large great rooms, bedroom suites with walk-in closets, and ample storage space. Homebuyers can personalize their new home, from floor plan and exterior style to where they live in the community, and then bring their vision to life at the KB Home Design Studio, where they can select from a wide range of interior design choices that fit their style and budget.

"With Townsend, we're bringing beautiful new townhomes to Santee, a highly desirable city in San Diego County. The new community includes a variety of planned on-site amenities and is within walking distance of local schools, parks and outdoor recreation," said Steve Ruffner, Regional General Manager of KB Home's Coastal division. "At KB Home, we focus on creating value through competitive, transparent pricing and giving buyers the ability to personalize their home based on what matters most to them. We put them in control, so they're not paying for features they don't value or compromising on ones they do."

KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. They are designed to be ENERGY STAR® certified, a standard that fewer than 12% of new homes nationwide meet, offering greater comfort, well-being and utility cost savings compared to new homes without certification.

Additionally, the homes at Townsend are built to the Insurance Institute for Business & Home Safety®'s (IBHS) highest wildfire resilience standards, incorporating fire-resistant materials and construction methods designed to protect against direct flame contact, radiant heat and wind-driven embers. Features include Class A fire-rated roofs, noncombustible gutters, upgraded windows and doors, ember- and flame-resistant vents, and a 5-foot noncombustible buffer around structures. At the neighborhood level, wildfire risk is further reduced by separating most structures by more than 10 feet and decreasing potential fuels through fire-resistant materials such as all-metal fencing systems.

The Townsend sales office and model homes are now open for walk-in visits and private in-person tours by appointment. Live video tours are also available. For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.

About KB Home
KB Home is one of the largest and most trusted homebuilders in the U.S. We operate in 50 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be one of the top customer-ranked national homebuilders based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

For Further Information:

Craig LeMessurier, KB Home
925-580-1583
[email protected] 

SOURCE KB Home

Posted by Defense World Staff on Jul 23rd, 2026

KB Home (NYSE:KBH – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $55.72 and traded as high as $56.82. KB Home shares last traded at $56.3710, with a volume of 1,103,333 shares changing hands.

Analyst Upgrades and Downgrades A number of equities research analysts recently issued reports on KBH shares. Weiss Ratings upgraded shares of KB Home from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Citizens Jmp restated a “market outperform” rating and issued a $77.00 price target on shares of KB Home in a research report on Wednesday, June 24th. Wall Street Zen raised shares of KB Home from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. UBS Group raised their price objective on shares of KB Home from $63.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $53.00 target price on shares of KB Home in a research note on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.17.

Get Our Latest Report on KB Home

KB Home Stock Performance The company’s 50-day moving average is $53.91 and its 200-day moving average is $55.72. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 9.15 and a beta of 1.34.

KB Home (NYSE:KBH – Get Free Report) last posted its quarterly earnings data on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). KB Home had a net margin of 4.94% and a return on equity of 7.67%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business posted $1.50 EPS. The company’s revenue was down 27.3% compared to the same quarter last year. On average, analysts predict that KB Home will post 3.3 EPS for the current year.

KB Home Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. KB Home’s dividend payout ratio (DPR) is currently 34.84%.

Institutional Inflows and Outflows Several institutional investors have recently bought and sold shares of KBH. Bessemer Group Inc. boosted its position in KB Home by 80.0% in the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock valued at $26,000 after buying an additional 220 shares during the last quarter. Eastern Bank bought a new stake in shares of KB Home during the second quarter worth $26,000. First Horizon Corp lifted its stake in shares of KB Home by 178.9% during the fourth quarter. First Horizon Corp now owns 502 shares of the construction company’s stock valued at $28,000 after acquiring an additional 322 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of KB Home by 73.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after acquiring an additional 250 shares during the period. Finally, Fulcrum Asset Management LLP bought a new position in KB Home in the third quarter valued at about $36,000. Institutional investors own 96.09% of the company’s stock.

KB Home Company Profile (Get Free Report)

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.

Read More Five stocks we like better than KB Home Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.

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New community close to local schools, parks and outdoor recreation is now open for tours.

, /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the opening of Tobiano, a new community offering personalized homes in southwest Las Vegas.  

Tobiano at a Glance:

KB Home, one of the largest and most trusted homebuilders in the U.S., today announced the opening of Tobiano, a new community offering personalized homes in southwest Las Vegas. Price: From the mid $400,000s Location: Las Vegas, Nevada, at the corner of South Buffalo Drive and West Agate Avenue just north of Blue Diamond Road and near Interstate 15 Home type: Two-story, single-family detached homes Bedrooms/baths: Up to 5 bedrooms and 4 baths School districts: Clark County School District Tobiano provides convenient access to Interstate 15, which connects residents to the area's major employers and Harry Reid International Airport. The community is close to retail shopping and dining and a short drive to Durango Casino & Resort and the world-famous Las Vegas Strip. Homeowners will appreciate the proximity to Mountain's Edge Regional Park, which offers paved walking and biking trails, sports courts and fields, exercise stations, children's playgrounds, and picnic and barbecue pavilions. Tobiano is also close to several popular golf courses and hiking and biking at Exploration Peak Park.

The homes at Tobiano are designed for contemporary living, with modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space. Homebuyers can personalize their new home, from floor plan and exterior style to where they live in the community, and then bring their vision to life at the KB Home Design Studio, where they can select from a wide range of interior design choices that fit their style and budget.

"With Tobiano, we're bringing beautiful new homes to a prime southwest Las Vegas location. The new community is close to local schools, parks and outdoor recreation," said Jim McDade, President of KB Home's Las Vegas division. "At KB Home, we focus on creating value through competitive, transparent pricing and giving buyers the ability to personalize their home based on what matters most to them. We put them in control, so they're not paying for features they don't value or compromising on ones they do."

KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. They are designed to be ENERGY STAR® certified, a standard that fewer than 12% of new homes nationwide meet, offering greater comfort, well-being and utility cost savings compared to new homes without certification.

The Tobiano sales office and model homes are now open for walk-in visits and private in-person tours by appointment. Live video tours are also available. For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.

About KB Home
KB Home is one of the largest and most trusted homebuilders in the U.S. We operate in 50 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be one of the top customer-ranked national homebuilders based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

For Further Information:

Craig LeMessurier, KB Home
925-580-1583
[email protected] 

SOURCE KB Home

, /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., has been named to TIME's America's Best Companies 2026 list. Presented by TIME and Statista, a leading provider of market and consumer data, the annual ranking recognizes top-performing U.S. companies that define modern business leadership. The full list can be viewed on the TIME website. This latest recognition further cements KB Home's position as an industry leader, adding to its recent honors on TIME's 10 Most Influential Design & Build Companies 2026 list and TIME100 Most Influential Companies 2026 list.

"Being recognized by TIME as one of America's Best Companies is a testament to the dedication of our team. Because this distinction is based in part on employee evaluations it is especially meaningful that our own team members view KB Home as an exceptional place to work," said Rob McGibney, President and Chief Executive Officer of KB Home. "It also underscores our leadership in sustainable homebuilding and our ongoing pursuit of innovation that benefits both our customers and the environment. Since our founding, we have been driven by a simple but powerful purpose: helping more people achieve the dream of homeownership."

TIME's America's Best Companies 2026 list identifies top-performing U.S. companies using a data-driven evaluation across employee satisfaction, financial strength and sustainability transparency.

Employee Satisfaction: Based on 217,000 employee surveys assessing workplace culture, pay, conditions and employer reputation Financial Performance: Analysis of revenue growth, profitability and asset performance using multiyear financial data of companies with at least $100M in revenue Sustainability: Evaluation of environmental impact, social responsibility and governance practices using standardized metrics For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.

About KB Home
KB Home is one of the largest and most trusted homebuilders in the U.S. We operate in 50 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be one of the top customer-ranked national homebuilders based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

FOFor Further Information:

Craig LeMessurier, KB Home
925-580-1583
[email protected] 

SOURCE KB Home

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The board of directors of KB Home (NYSE: KBH) has declared a quarterly cash dividend of $.25 per share on the Company's common stock, payable on August 20, 2026 to stockholders of record on August 6, 2026.

About KB Home

KB Home is one of the largest and most trusted homebuilders in the U.S. We operate in 50 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be one of the top customer-ranked national homebuilders based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

For Further Information:
Jill Peters, Investor Relations Contact
(310) 893-7456 or 
[email protected]

SOURCE KB Home

Also from this source

Technical analysis indicates a home builder ETF could climb nearly 30% by the end of the year.

KB Home NYSE: KBH is not out of the weeds, with its revenue contracting, orders and backlog declining, and margins under pressure, but these forces are already priced into its stock. Housing market woes, inflation, and high interest rates are no secret.

The market has had ample opportunity to adjust to the reality that interest rates will remain elevated for a prolonged period. The critical detail with KB Home is that it has repositioned itself as a built-to-order specialist capable of sustaining positive cash flows in all cycles.

Get KB Home alerts:

And an upcycle is coming down the pipe. Slowly, but it’s coming.

KB Home’s Buybacks Are Slowing, But The Dividend Is ReliableThe biggest risk for KB Home’s shareholders is that share buybacks might continue to slow. Business and margin contraction mean cash flow contraction and impaired ability to return capital. The offset is that KB Home has sustained an aggressive pace for years; a slowdown will merely right-size the reductions to match business conditions until business conditions improve.

KB Home Today

$61.62 +8.90 (+16.87%)

As of 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$44.03▼

$68.71Dividend Yield1.62%

P/E Ratio15.64

Price Target$60.08

As it stands, interest rates are unlikely to fall significantly before late 2027, assuming energy markets stabilize and oil prices decline. In this scenario, a slow decline in the FOMC base rate and a subsequent decline in mortgage rates will thaw an otherwise frozen market over time. KB Home will ramp construction alongside demand, improving operating leverage and capital-returning capacity to provide a catalyst for share price advances.

Until then, investors can rely on a slower pace of share count reduction alongside a reliable, potentially growing dividend. The company’s $1 in annualized 2026 payments represents an approximate 1.6% yield as of late June and about 30% of the earnings outlook. There is capacity to increase the payment in the upcoming year, but management may choose to refrain in order to preserve cash flow. The balance sheet remains healthy, but Q2 highlights show an increase in the debt-to-leverage ratio, with leverage exceeding long-standing internal targets. In this scenario, management is more likely to take a less aggressive posture to sustain balance sheet health.

KB Home Has Mixed Q2, Issues Solid Guidance for the YearKB Home’s fiscal Q2 earnings report was mixed, with revenue declining by 27% on a double-digit reduction in deliveries and prices. The good news is that revenue was slightly ahead of consensus and well above the low end of the range, as whisper figures had indicated. The number of homes delivered fell by 23%, while the average price fell by more than 5%.

Margin news reflected revenue weakness, with contraction at all levels as operating leverage declines and costs rise. GAAP earnings per share (EPS) of 43 cents were down more than a dollar year-over-year and slightly below consensus, insufficient to cover the capital return.

Looking ahead, the guidance is equally mixed but better-than-expected, underpinning the thesis that KBH stock hit bottom in May and can establish a support base at or above those levels.

KBH Stock Price: Supported at Low End, Headwinds at High End of Trading RangeAnalysts responded with relief, citing a soft quarter but a stable outlook and a strategic shift to build-to-order. The early reaction reinforced that view rather than reshaping it: on June 24, RBC Capital's Mike Dahl reiterated a Sector Perform rating with a $53 target and Citizens JMP's James McCanless reiterated a Market Outperform at $77—maintained ratings on both sides rather than fresh upgrades or downgrades.

A move to the analyst consensus near $59 would not represent a substantial price increase, but it would put the market above its cluster of moving averages and on track to sustain support at or near current levels over time.

Institutions are a risk for this market. The group owns more than 95% of the shares and controls the direction of the stock price. They have been distributing shares in 2026, presenting a headwind for KBH. If they fail to buy into the rebound, a move above $65 is unlikely. Short interest is also relatively high, increasing the odds that this market will trend sideways in the coming quarters as investors wait for a housing recovery to take hold.

The stock price action reflects the impact of market support and headwinds, with support evident at $48 and resistance in the $67 range. These targets represent an entry point and profit-taking opportunity, respectively, within the trading range, and should be watched carefully for signs of change.

A new, sustained high would signal a significant shift, setting the stage for this market to advance by $20 or more in the near to mid-term. A move to fresh lows is not expected unless there is a change in the fundamental outlook for housing markets and home builders.

Should You Invest $1,000 in KB Home Right Now?Before you consider KB Home, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KB Home wasn't on the list.

While KB Home currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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Revenues of $1.11 Billion; Diluted Earnings Per Share of $.43
Repurchased $75.0 Million of Common Stock

, /PRNewswire/ -- KB Home (NYSE: KBH) today reported results for its second quarter ended May 31, 2026.

"We produced solid second-quarter results that met or exceeded the mid-point of our key guidance ranges," said Jeffrey Mezger, Executive Chairman. "Our return to a predominantly Built to Order business model continued to gain momentum, with these homes representing 73% of our net orders in the quarter, progress that we believe supports stronger, more sustainable performance over time and across market cycles."

"Operationally, our teams continued to execute well and generated meaningful results, achieving 35 new community openings, at the high end of our projection, and reducing our build times by more than a full week sequentially from home start to home completion," said Robert McGibney, President and Chief Executive Officer. "At the same time, we remained disciplined as we continued to successfully navigate a difficult and fluid market environment, balancing pace and price while tightly managing costs."

"The progress in our second quarter sets the foundation for the remainder of fiscal 2026, with sequentially higher delivery volumes and gross margins projected for each of the final two quarters. We remain committed to increasing shareholder value through improved performance, as well as our continued focus on operational excellence, strong financial flexibility and ongoing balanced approach to capital allocation," concluded Mezger.

Three Months Ended May 31, 2026 (comparisons on a year-over-year basis)

Revenues were down 27% to $1.11 billion. Homes delivered decreased 23% to 2,395. Average selling price was $461,900, compared to $488,700. Homebuilding operating income was $28.2 million, compared to $131.5 million. The homebuilding operating income margin was 2.5%, compared to 8.6%, due to a lower housing gross profit margin and higher selling, general and administrative expense ratio. Excluding inventory-related charges of $5.6 million for both the current quarter and the year-earlier quarter, homebuilding operating income was 3.0%, compared to 9.0%. The housing gross profit margin was 15.2%, compared to 19.3%. Excluding the above-mentioned inventory-related charges, the housing gross profit margin was 15.7%, compared to 19.7%, primarily reflecting price reductions, higher relative land costs and reduced operating leverage.  Selling, general and administrative expenses were 12.7% of housing revenues, compared to 10.7%, mainly due to a decrease in operating leverage. Financial services pretax income totaled $6.7 million, compared to $8.2 million, primarily due to lower equity in income from the Company's mortgage banking joint venture.  The joint venture's results mainly reflected reduced loan origination volume driven by fewer homes delivered. Net income was $27.3 million, compared to $107.9 million. Diluted earnings per share was $.43, compared to $1.50, reflecting current quarter net income, partly offset by the favorable impact of the Company's common stock repurchases.  The effective tax rate was 26.6%, compared to 24.2%. Six Months Ended May 31, 2026 (comparisons on a year-over-year basis)

Revenues totaled $2.19 billion, compared to $2.92 billion. Homes delivered of 4,765 were down 19%. Average selling price decreased 8% to $457,000. Net income was $60.8 million, compared to $217.4 million. Diluted earnings per share was $.96, compared to $3.00. Net Orders and Backlog (comparisons on a year-over-year basis)

Net orders of 3,317 declined 4%. The Company's ending backlog was down 5% to 4,526 homes, and backlog value decreased 7% to $2.14 billion. Monthly net orders per community were 4.0, compared to 4.5. The cancellation rate as a percentage of gross orders was 12%, compared to 16%.  The average community count for the quarter grew 9% to 278, and the ending community count was up 11% to 280.  Balance Sheet as of May 31, 2026 (comparisons to November 30, 2025)

The Company had total liquidity of $1.12 billion, including $199.8 million of cash and cash equivalents and $923.4 million of available capacity under its unsecured revolving credit facility ("Credit Facility"), with $275.0 million of cash borrowings outstanding.  Inventories increased slightly to $5.73 billion.   Investments in land and land development for the quarter decreased 4% to $495.8 million, compared to $513.9 million for the prior-year quarter. For the six months ended May 31, 2026, total land-related investments decreased 26% to $1.06 billion, compared to $1.43 billion for the year-earlier period. The Company's lots owned or under contract decreased 9% to 59,106, of which approximately 62% were owned and 38% were under contract.  Notes payable were $1.97 billion, compared to $1.69 billion, reflecting cash borrowings outstanding under the Credit Facility. The debt to capital ratio was 34.1%, compared to 30.3%.  Stockholders' equity totaled $3.80 billion, compared to $3.90 billion, primarily reflecting current quarter common stock repurchases and cash dividends, partly offset by net income for the same period.  In the 2026 second quarter, the Company repurchased 1.4 million shares of its outstanding common stock at a cost of $75.0 million, bringing its total repurchases in the 2026 first half to 2.2 million shares at a total cost of $125.0 million. As of May 31, 2026, the Company had $775.0 million remaining under its current common stock repurchase authorization. Based on the Company's approximately 61.3 million outstanding shares as of May 31, 2026, book value per share of $61.93 increased 6% year over year. Guidance

The Company is providing the following guidance for its 2026 third quarter and full year as to certain metrics:

2026 Third Quarter —

Deliveries in the range of 2,600 to 2,800 homes. Housing revenues in the range of $1.20 billion to $1.35 billion. Housing gross profit margin in the range of 16.0% to 16.6%, assuming no inventory-related charges. Selling, general and administrative expenses as a percentage of revenues in the range of 11.3% to 11.9%. Effective tax rate in the range of 19% to 21%. Ending community count in the range of 270 to 280. 2026 Full Year —

Deliveries in the range of 10,500 to 11,000 homes. Housing revenues in the range of $4.90 billion to $5.30 billion. Housing gross profit margin in the range of 16.1% to 16.5%, assuming no inventory-related charges. Selling, general and administrative expenses as a percentage of revenues in the range of 11.4% to 11.8%. Effective tax rate in the range of 22% to 24%. Conference Call

The conference call to discuss the Company's 2026 second quarter earnings will be broadcast live TODAY at 2:00 p.m. Pacific Time, 5:00 p.m. Eastern Time. To listen, please go to the Investor Relations section of the Company's website at kbhome.com.

About KB Home

KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 50 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional homebuying experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

Forward-Looking and Cautionary Statements

Certain matters discussed in this press release, including any statements that are predictive in nature or concern future market and economic conditions, business and prospects, our future financial and operational performance, or our future actions and their expected results are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and projections about future events and are not guarantees of future performance. We do not have a specific policy or intent of updating or revising forward-looking statements. If we update or revise any such statement(s), no assumption should be made that we will further update or revise that statement(s) or update or revise any other such statement(s). In addition, such forward-looking statements may be based in whole or in part on general observations or opinions of our management, limited or anecdotal evidence and/or business or industry experience without in-depth or any particular empirical investigation, inquiry or analysis and are not intended, and do not express, factual assertions about past events. Actual events and results may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors. The most important risk factors that could cause our actual performance and future events and actions to differ materially from such forward-looking statements include, but are not limited to the following: general economic, employment and business conditions; population growth or decline, household formations and demographic trends; conditions in the capital, credit and financial markets; our ability to access external financing sources and raise capital through the issuance of common stock, debt or other securities, and/or project financing, on favorable terms; the execution of any securities repurchases pursuant to our board of directors' authorization; material and trade costs and availability, including the costs associated with achieving the standards for ENERGY STAR certified homes, and delays related to state and municipal construction, permitting, inspection and utility processes, which have been disrupted by key equipment shortages; rising consumer and producer price inflation; changes in interest rates, including those set by the Federal Reserve and those available in the capital markets or from financial institutions and other lenders, and applicable to mortgage loans; our debt level, including our ratio of debt to capital, and our ability to adjust our debt level and maturity schedule; our compliance with the terms of our unsecured revolving credit facility and our senior unsecured term loan; the ability and willingness of the applicable lenders and financial institutions, or any substitute or additional lenders and financial institutions, to meet their commitments or fund borrowings, extend credit or provide payment guarantees to or for us under our unsecured revolving credit facility or unsecured letter of credit facility; volatility in the market price of our common stock; our obtaining adequate levels of affordable insurance for our business and our ability to cover any incurred costs, liabilities or losses that are not covered by the insurance we have procured or that are due to our deciding not to procure certain types or amounts of insurance coverage; home selling prices, including our homes' selling prices, being unaffordable relative to consumer incomes; weak or declining consumer confidence, either generally or specifically with respect to purchasing homes; competition from other sellers of new and resale homes, particularly homebuilders with significant unsold inventory; weather events, significant natural disasters and other climate and environmental factors, such as a lack of adequate water supply to permit new home communities in certain areas; potential instability associated with the regulatory and executive policies, proposals and orders of the U.S. presidential administration, including any directed at our operations, business practices or capital allocation strategies; government actions, policies, programs and regulations directed at or affecting the housing market (including the tax benefits associated with purchasing and owning a home, and the standards, fees and size limits applicable to the purchase or insuring of mortgage loans by government-sponsored enterprises and government agencies, and the potential significant scaling back or ending of the federal conservatorship of the government-sponsored enterprises), the homebuilding industry, or construction activities; changes in existing tax laws or enacted corporate income tax rates, including those resulting from regulatory guidance and interpretations issued with respect thereto, such as Internal Revenue Service guidance regarding heightened qualification requirements for federal tax credits for building energy-efficient homes and the pending expiration of such tax credits in 2026; changes in U.S. trade policies, including the imposition of tariffs and duties on homebuilding materials and products, and related trade disputes with and retaliatory measures taken by other countries, and financial markets' and business' reactions to any such policies; disruptions in world and regional trade flows, economic activity and supply chains due to the military conflicts in the Middle East and in Ukraine, including those stemming from wide-ranging sanctions and other restrictions the U.S. and other countries have imposed or may further impose respectively on Iranian or Russian business sectors, financial organizations, individuals and raw materials, the impact of which may, among other things, increase our operational costs, exacerbate building materials and appliance shortages and/or reduce our revenues and earnings; the adoption of new or amended financial accounting standards and the guidance and/or interpretations with respect thereto; the availability and cost of land in desirable areas and our ability to timely and efficiently develop acquired land parcels and open new home communities; impairment, land option contract abandonment or other inventory-related charges, including any stemming from decreases in the value of our land assets; our warranty claims experience with respect to homes previously delivered and actual warranty costs incurred; costs and/or charges arising from regulatory compliance requirements or from legal, arbitral or regulatory proceedings, investigations, claims or settlements, including unfavorable outcomes in any such matters resulting in actual or potential monetary damage awards, penalties, fines or other direct or indirect payments, or injunctions, consent decrees or other voluntary or involuntary restrictions or adjustments to our business operations or practices that are beyond our current expectations and/or accruals; our ability to use/realize the net deferred tax assets we have generated; our ability to successfully implement our current and planned strategies and initiatives related to our product, geographic and market positioning, gaining share and scale in our served markets, through, among other things, our making substantial investments in land and land development, which, in some cases, involves putting significant capital over several years into large projects in one location, and in entering into new markets; our operational and investment concentration in markets in California; consumer interest in and responsiveness to our new home communities, products and simplified selling process with transparent pricing and limited incentives, particularly from first-time homebuyers and higher-income consumers; our ability to generate orders and convert our backlog of orders to home deliveries and revenues, particularly in key markets in California; our ability to successfully implement our business strategies and achieve any associated financial and operational targets and objectives, including those discussed in this release, during today's conference call or in any of our other public filings, presentations or disclosures; income tax expense volatility associated with stock-based compensation; the costs we incur in connection with relocating our corporate headquarters office from Los Angeles, California to Tempe, Arizona in 2027, including costs for employee-related severance, retention, and relocation, as well as recruitment and onboarding; the ability of our homebuyers to obtain homeowners and flood insurance policies, and/or typical or lender-required policies for other hazards or events, for their homes, which may depend on the ability and willingness of insurers or government-funded or -sponsored programs to offer coverage at an affordable price or at all; the ability of our homebuyers to obtain residential mortgage loans and mortgage banking services, which may depend on the ability and willingness of lenders and financial institutions to offer such loans and services to our homebuyers; the performance of mortgage lenders to our homebuyers; the performance of KBHS Home Loans, LLC ("KBHS"); the ability and willingness of lenders and financial institutions to extend credit facilities to KBHS to fund its originated mortgage loans; information technology failures and data security breaches; an epidemic, pandemic or significant seasonal or other disease outbreak, and the control response measures that international, federal, state and local governments, agencies, law enforcement and/or health authorities implement to address it, which may precipitate or exacerbate one or more of the above-mentioned and/or other risks, and significantly disrupt or prevent us from operating our business in the ordinary course for an extended period; widespread protests and/or civil unrest, whether due to political events, social movements or other reasons; and other events outside of our control. Please see our periodic reports and other filings with the Securities and Exchange Commission for a further discussion of these and other risks and uncertainties applicable to our business.

(Tables Follow)

KB HOME

CONSOLIDATED STATEMENTS OF OPERATIONS

For the Three Months and Six Months Ended May 31, 2026 and 2025

(In Thousands, Except Per Share Amounts – Unaudited)

Three Months Ended May 31,

Six Months Ended May 31,

2026

2025

2026

2025

Total revenues

$       1,112,435

$       1,529,585

$       2,189,446

$       2,921,362

Homebuilding:

Revenues

$       1,107,107

$       1,524,716

$       2,179,166

$       2,911,757

Costs and expenses

(1,078,956)

(1,393,253)

(2,118,029)

(2,652,955)

Operating income

28,151

131,463

61,137

258,802

Interest income

1,164

1,679

2,445

3,758

Equity in income of unconsolidated joint ventures     

1,269

1,080

1,791

3,493

Homebuilding pretax income

30,584

134,222

65,373

266,053

Financial services:

Revenues

5,328

4,869

10,280

9,605

Expenses

(1,493)

(1,570)

(3,043)

(3,109)

Equity in income of unconsolidated joint venture

2,830

4,862

4,963

9,191

Financial services pretax income

6,665

8,161

12,200

15,687

Total pretax income

37,249

142,383

77,573

281,740

Income tax expense

(9,900)

(34,500)

(16,800)

(64,300)

Net income

$            27,349

$          107,883

$           60,773

$          217,440

Earnings per share:

Basic

$                  .44

$                1.53

$                 .97

$                3.05

Diluted

$                  .43

$                1.50

$                 .96

$                3.00

Weighted average shares outstanding:

Basic

61,789

69,976

62,214

70,745

Diluted

62,733

71,226

63,219

72,108

KB HOME

CONSOLIDATED BALANCE SHEETS

(In Thousands – Unaudited)

May 31,
2026

November 30,
2025

Assets

Homebuilding:

Cash and cash equivalents

$          199,819

$          228,614

Receivables

389,728

350,636

Inventories

5,732,557

5,670,802

Investments in unconsolidated joint ventures     

78,766

72,436

Property and equipment, net

103,840

101,457

Deferred tax assets, net

88,665

88,665

Other assets

124,755

107,833

6,718,130

6,620,443

Financial services

57,332

59,809

Total assets

$       6,775,462

$       6,680,252

Liabilities and stockholders' equity

Homebuilding:

Accounts payable

$          303,850

$          351,261

Accrued expenses and other liabilities

704,401

731,946

Notes payable

1,968,714

1,692,977

2,976,965

2,776,184

Financial services

1,687

3,210

Stockholders' equity

3,796,810

3,900,858

Total liabilities and stockholders' equity

$       6,775,462

$       6,680,252

KB HOME

SUPPLEMENTAL INFORMATION

For the Three Months and Six Months Ended May 31, 2026 and 2025

(In Thousands, Except Average Selling Price – Unaudited)

Three Months Ended May 31,

Six Months Ended May 31,

2026

2025

2026

2025

Homebuilding revenues:

Housing

$       1,106,252

$       1,524,716

$       2,177,726

$       2,911,757

Land

855

—

1,440

—

Total

$       1,107,107

$       1,524,716

$       2,179,166

$       2,911,757

Homebuilding costs and expenses:

Construction and land costs

Housing

$         937,629

$       1,230,055

$       1,845,142

$       2,337,469

Land

780

—

1,296

—

Subtotal

938,409

1,230,055

1,846,438

2,337,469

Selling, general and administrative expenses

140,547

163,198

271,591

315,486

Total

$       1,078,956

$       1,393,253

$       2,118,029

$       2,652,955

Interest expense:

Interest incurred

$            28,975

$            28,626

$            57,109

$            55,018

Interest capitalized

(28,975)

(28,626)

(57,109)

(55,018)

Total

$                   —

$                   —

$                   —

$                   —

Other information:

Amortization of previously capitalized interest     

$            18,675

$            25,306

$            37,532

$            48,729

Depreciation and amortization

11,452

10,114

22,619

19,818

Average selling price:

West Coast

$         624,300

$         682,000

$         628,200

$         694,500

Southwest

444,300

475,200

460,600

468,200

Central

345,400

348,900

337,900

357,600

Southeast

368,300

393,300

364,000

396,200

Total

$         461,900

$         488,700

$         457,000

$         494,400

KB HOME

SUPPLEMENTAL INFORMATION

For the Three Months and Six Months Ended May 31, 2026 and 2025

(Dollars in Thousands – Unaudited)

Three Months Ended May 31,

Six Months Ended May 31,

2026

2025

2026

2025

Homes delivered:     

West Coast

818

968

1,528

1,817

Southwest

375

661

753

1,339

Central

596

811

1,271

1,562

Southeast

606

680

1,213

1,172

Total

2,395

3,120

4,765

5,890

Net orders:

West Coast

1,203

1,104

2,205

2,002

Southwest

523

557

1,037

1,102

Central

803

1,030

1,463

1,750

Southeast

788

769

1,458

1,378

Total

3,317

3,460

6,163

6,232

Net order value:

West Coast

$         766,870

$         728,141

$       1,429,004

$       1,335,320

Southwest

228,373

268,921

449,900

538,143

Central

267,836

328,614

503,436

568,339

Southeast

285,317

285,338

530,368

515,279

Total

$       1,548,396

$       1,611,014

$       2,912,708

$       2,957,081

May 31, 2026

May 31, 2025

Homes

Value

Homes

Value

Backlog data:

West Coast

1,618

$        1,042,729

1,396

$          947,842

Southwest

751

323,520

897

443,533

Central

1,064

368,893

1,321

445,853

Southeast

1,093

403,192

1,162

451,003

Total

4,526

$        2,138,334

4,776

$       2,288,231

KB HOME
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In Thousands, Except Percentages – Unaudited)

Company management's discussion of the results presented in this press release may include information about the Company's adjusted housing gross profit margin, which is not calculated in accordance with generally accepted accounting principles ("GAAP"). The Company believes this non-GAAP financial measure is relevant and useful to investors in understanding its operations, and may be helpful in comparing the Company with other companies in the homebuilding industry to the extent they provide similar information. However, because it is not calculated in accordance with GAAP, this non-GAAP financial measure may not be completely comparable to other companies in the homebuilding industry and, thus, should not be considered in isolation or as an alternative to operating performance and/or financial measures prescribed by GAAP. Rather, this non-GAAP financial measure should be used to supplement the most directly comparable GAAP financial measure in order to provide a greater understanding of the factors and trends affecting the Company's operations.

Adjusted Housing Gross Profit Margin

The following table reconciles the Company's housing gross profit margin calculated in accordance with GAAP to the non-GAAP financial measure of the Company's adjusted housing gross profit margin:

Three Months Ended May 31,

Six Months Ended May 31,

2026

2025

2026

2025

Housing revenues

$     1,106,252

$     1,524,716

$     2,177,726

$     2,911,757

Housing construction and land costs

(937,629)

(1,230,055)

(1,845,142)

(2,337,469)

Housing gross profits

168,623

294,661

332,584

574,288

Add: Inventory-related charges (a)

5,579

5,558

7,734

7,013

Adjusted housing gross profits

$        174,202

$        300,219

$        340,318

$        581,301

Housing gross profit margin

15.2 %

19.3 %

15.3 %

19.7 %

Adjusted housing gross profit margin

15.7 %

19.7 %

15.6 %

20.0 %

(a) Represents inventory impairment and land option contract abandonment charges associated with housing operations.

Adjusted housing gross profit margin is a non-GAAP financial measure, which the Company calculates by dividing housing revenues less housing construction and land costs excluding housing inventory impairment and land option contract abandonment charges (as applicable) recorded during a given period, by housing revenues. The most directly comparable GAAP financial measure is housing gross profit margin. The Company believes adjusted housing gross profit margin is a relevant and useful financial measure to investors in evaluating the Company's performance as it measures the gross profits the Company generated specifically on the homes delivered during a given period. This non-GAAP financial measure isolates the impact that housing inventory impairment and land option contract abandonment charges have on housing gross profit margins, and allows investors to make comparisons with the Company's competitors that adjust housing gross profit margins in a similar manner. The Company also believes investors will find adjusted housing gross profit margin relevant and useful because it represents a profitability measure that may be compared to a prior period without regard to variability of housing inventory impairment and land option contract abandonment charges. This financial measure assists management in making strategic decisions regarding community location and product mix, product pricing and construction pace.

For Further Information:
Jill Peters, Investor Relations Contact
(310) 893-7456 or [email protected]
Cara Kane, Media Contact
(321) 299-6844 or [email protected]

SOURCE KB Home

KB Home (KBH - Free Report) came out with quarterly earnings of $0.43 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $1.5 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -0.99%. A quarter ago, it was expected that this homebuilder would post earnings of $0.52 per share when it actually produced earnings of $0.52, delivering no surprise.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

KB Home, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $1.11 billion for the quarter ended May 2026, surpassing the Zacks Consensus Estimate by 2.03%. This compares to year-ago revenues of $1.53 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

KB Home shares have lost about 6.9% since the beginning of the year versus the S&P 500's gain of 9.2%.

What's Next for KB Home?While KB Home has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for KB Home was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.76 on $1.29 billion in revenues for the coming quarter and $3.10 on $5.02 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Home Builders is currently in the bottom 7% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, PulteGroup (PHM - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 22.

This homebuilder is expected to post quarterly earnings of $2.36 per share in its upcoming report, which represents a year-over-year change of -22.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

PulteGroup's revenues are expected to be $4.03 billion, down 8.5% from the year-ago quarter.

For the quarter ended May 2026, KB Home (KBH - Free Report) reported revenue of $1.11 billion, down 27.3% over the same period last year. EPS came in at $0.43, compared to $1.50 in the year-ago quarter.

The reported revenue represents a surprise of +2.03% over the Zacks Consensus Estimate of $1.09 billion. With the consensus EPS estimate being $0.43, the EPS surprise was -0.99%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how KB Home performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Backlog - Homes - Total: 4,526 versus 4,690 estimated by four analysts on average.Homes delivered - Total: 2,395 compared to the 2,326 average estimate based on four analysts.Net orders - Total: 3,317 versus the four-analyst average estimate of 3,412.Average selling price: $461.9 million compared to the $462.65 million average estimate based on three analysts.Ending community count: 280 versus 274 estimated by three analysts on average.Backlog - Value - Total: $2.14 billion versus $2.25 billion estimated by two analysts on average.Average community count: 278 compared to the 275 average estimate based on two analysts.Total Revenues- Homebuilding- Housing: $1.11 billion compared to the $1.08 billion average estimate based on five analysts. The reported number represents a change of -27.5% year over year.Total Revenues- Financial services: $5.33 million versus the five-analyst average estimate of $4.54 million. The reported number represents a year-over-year change of +9.4%.Total Revenues- Homebuilding: $1.11 billion versus $1.08 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -27.4% change.Total Revenues- Homebuilding- Land: $0.86 million versus $1.36 million estimated by three analysts on average.Financial services pretax income: $6.67 million compared to the $6.41 million average estimate based on four analysts.View all Key Company Metrics for KB Home here>>>

Shares of KB Home have returned +8.1% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

KB Home (NYSE:KBH) reported mixed financial results for the second quarter after the market closed on Tuesday.

KB Home reported second-quarter revenue of $1.11 billion, beating analyst estimates of $1.10 billion, according to Benzinga Pro. The homebuilder reported second-quarter earnings of 43 cents per share, missing analyst estimates of 45 cents per share.

"We produced solid second-quarter results that met or exceeded the mid-point of our key guidance ranges," said Jeffrey Mezger, executive chairman of KB Home.

KB Home expects $1.20 billion to $1.35 billion in housing revenue in the third quarter. The company also guided for full-year 2026 housing revenue of $4.90 billion to $5.30 billion.

KB Home shares rose 16.3% to trade at $61.32 on Wednesday.

These analysts made changes to their price targets on KB Home following earnings announcement.

UBS analyst John Lovallo maintained the stock with a Buy and raised the price target from $63 to $66. Wells Fargo analyst Sam Reid maintained the stock with an Underweight rating and raised the price target from $50 to $52. Considering buying KBH stock? Here’s what analysts think:

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Key Takeaways KBH's built-to-order shift supports better visibility and steadier FY26 deliveries.KBH expects back-half margin gains from operating leverage, West Coast mix and built-to-order deliveries.KBH ended Q2 with $1.12B in liquidity, repurchased $75M in stock and kept land spending disciplined. KB Home (KBH - Free Report) used its second-quarter fiscal 2026 earnings call to press a single message — the company’s return to a built-to-order model is now far enough to support better visibility, steadier deliveries and improving margins in the back half of fiscal 2026.

That message mattered because the quarter still reflected a difficult spring selling season. KB Home reported revenues of $1.11 billion, which beat the Zacks Consensus Estimate of $1.09 billion by 2%. The company reported earnings per share of $0.43, meeting the consensus mark.

KB Home Pushes Built-to-Order DeeperExecutive chairman Jeffrey Mezger said that the fiscal second-quarter results met or exceeded the midpoint of the key guidance ranges, but management spent more time explaining the structural benefits of built-to-order than recapping quarterly figures. Mezger framed the shift as a lower-risk operating model that improves delivery predictability and margin quality.

Chief executive officer Rob McGibney said that 73% of fiscal second-quarter net orders were built-to-order homes, which he described as evidence that the company is rebuilding a sold backlog before construction begins. McGibney said that creates visibility on buyer, price, costs and expected close date much earlier in the cycle.

McGibney also tied the strategy to cost control.

KBH Sees Back-Half Margin RecoveryThe quarter itself showed why management is leaning on that transition. Housing revenues fell 27% year over year to $1.11 billion, while the housing gross margin was 15.2%, down from 19.3% a year earlier. Excluding inventory-related charges, the gross margin was 15.7%.

Still, chief accounting officer William Hollinger laid out a more constructive second-half setup. Hollinger guided to a fiscal third-quarter housing gross margin of 16-16.6% and a full-year margin of 16.1-16.5%, assuming no inventory-related charges.

Hollinger said that the improvement should come from better operating leverage, a higher mix of built-to-order deliveries and a more favorable West Coast mix, particularly from Northern California. He added that more than 80% of expected fiscal third-quarter deliveries were already in backlog, reinforcing the company’s visibility argument.

KB Home Uses Cash for Land & BuybacksManagement also emphasized balance sheet flexibility. KB Home ended the quarter with $1.12 billion of total liquidity, including about $200 million in cash and no debt maturities until June 2027.

Mezger said that the company remained balanced in capital allocation, investing for growth while returning capital to shareholders. KB Home repurchased 1.4 million shares for $75 million in the quarter and paid out roughly $15 million in dividends.

Land spending stayed active but disciplined. Management said that the fiscal second-quarter land acquisition and development investment was just under $500 million, with roughly three-fourths directed to development and fees on land already owned.

KBH Q&A Focuses on California & DemandAnalysts pressed hardest on two points in Q&A: how much of the expected margin step-up comes from built-to-order versus California and whether spring demand softness has extended into June. Management’s answers were steady and more explicit than in prepared remarks.

Responding to Barclays and Evercore ISI, McGibney said that fiscal fourth-quarter built-to-order deliveries should reach roughly 70%, but not yet the full target rate. He also described the Bay Area contribution as more than a one-quarter event, saying that the region now has a healthier pipeline of larger, higher-ASP communities.

On demand, management acknowledged that March was the weakest month of the spring season, while April and May improved. McGibney said that June trends were tracking in line with expectations and reflected a normal seasonal slowdown rather than a fresh deterioration.

KB Home Reenters Atlanta CarefullyBeyond the near term, Mezger highlighted Atlanta as the company’s latest market reentry. He called it a top-10 housing market with strong population and job growth, and said that KB Home has already acquired its first parcel there for an early 2027 opening.

That move fits management’s broader growth posture. The company expected Seattle, Boise and Charlotte to represent about 10% of the fiscal 2026 volume, showing how KB Home is still willing to expand, but within a familiar operating template.

At the same time, executives stressed discipline in the land market. McGibney said that the company has walked away from optioned deals that no longer met return hurdles, even as sellers have begun to grow more realistic on terms and pricing.

KBH Keeps the Focus on ExecutionThe clearest takeaway from the call was not that conditions have turned easy. Management repeatedly pointed to weak consumer confidence, elevated mortgage rates and affordability pressure as continuing obstacles.

What changed was the company’s confidence in its operating setup. Faster build times, lower finished unsold inventory and sequential backlog growth gave executives a firmer basis to talk about improving deliveries, margins and backlog comparisons through the rest of fiscal 2026.

Zacks Rank & Style SignalsKBH currently carries a Zacks Rank #4 (Sell), along with a Value Score of B, a Growth Score of C, a Momentum Score of A and a VGM Score of A. Under Zacks’ framework, Style Scores help identify attractive value, growth and momentum traits, but they are meant to complement, not override, the rank.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The above-mentioned combination leaves a mixed signal. The strong Momentum and VGM grades indicate favorable style characteristics, but Zacks’ guidance says stocks with a Zacks Rank #4 or #5 (Strong Sell) should not be favored even when Style Scores are strong. The rank can also change as earnings estimate revisions adjust after the quarter’s results and management outlook.

Wall Street analysts expect KB Home (KBH - Free Report) to post quarterly earnings of $0.44 per share in its upcoming report, which indicates a year-over-year decline of 70.7%. Revenues are expected to be $1.09 billion, down 28.7% from the year-ago quarter.

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

With that in mind, let's delve into the average projections of some KB Home metrics that are commonly tracked and projected by analysts on Wall Street.

The consensus among analysts is that 'Total Revenues- Homebuilding- Housing' will reach $1.08 billion. The estimate indicates a change of -29% from the prior-year quarter.

The combined assessment of analysts suggests that 'Total Revenues- Financial services' will likely reach $4.54 million. The estimate suggests a change of -6.8% year over year.

The average prediction of analysts places 'Total Revenues- Homebuilding' at $1.08 billion. The estimate points to a change of -28.9% from the year-ago quarter.

According to the collective judgment of analysts, 'Backlog - Homes - Total' should come in at 4,690 . Compared to the present estimate, the company reported 4,776 in the same quarter last year.

The consensus estimate for 'Homes delivered - Total' stands at 2,326 . Compared to the current estimate, the company reported 3,120 in the same quarter of the previous year.

Based on the collective assessment of analysts, 'Net orders - Total' should arrive at 3,412 . Compared to the current estimate, the company reported 3,460 in the same quarter of the previous year.

Analysts' assessment points toward 'Average selling price' reaching $462.65 million. The estimate is in contrast to the year-ago figure of $488.70 million.

The collective assessment of analysts points to an estimated 'Ending community count' of 274 . Compared to the current estimate, the company reported 253 in the same quarter of the previous year.

It is projected by analysts that the 'Backlog - Value - Total' will reach $2.25 billion. Compared to the present estimate, the company reported $2.29 billion in the same quarter last year.

Analysts expect 'Average community count' to come in at 275 . Compared to the current estimate, the company reported 254 in the same quarter of the previous year.

Analysts predict that the 'Financial services pretax income' will reach $6.41 million. The estimate is in contrast to the year-ago figure of $8.16 million.

Analysts forecast 'Operating Income- Homebuilding' to reach $24.03 million. The estimate compares to the year-ago value of $131.46 million.

View all Key Company Metrics for KB Home here>>>

Over the past month, shares of KB Home have returned +19.5% versus the Zacks S&P 500 composite's +1.6% change. Currently, KBH carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

KB Home (KBH - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this homebuilder have returned +12.9%, compared to the Zacks S&P 500 composite's +1.4% change. During this period, the Zacks Building Products - Home Builders industry, which KB Home falls in, has gained 14.3%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

KB Home is expected to post earnings of $0.44 per share for the current quarter, representing a year-over-year change of -70.7%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

For the current fiscal year, the consensus earnings estimate of $3.1 points to a change of -52.5% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $4.35 indicates a change of +40.6% from what KB Home is expected to report a year ago. Over the past month, the estimate has remained unchanged.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, KB Home is rated Zacks Rank #4 (Sell).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For KB Home, the consensus sales estimate for the current quarter of $1.09 billion indicates a year-over-year change of -28.7%. For the current and next fiscal years, $5.02 billion and $5.47 billion estimates indicate -19.4% and +8.8% changes, respectively.

Last Reported Results and Surprise HistoryKB Home reported revenues of $1.08 billion in the last reported quarter, representing a year-over-year change of -22.6%. EPS of $0.52 for the same period compares with $1.49 a year ago.

Compared to the Zacks Consensus Estimate of $1.1 billion, the reported revenues represent a surprise of -1.98%. The EPS surprise was 0%.

Over the last four quarters, KB Home surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

KB Home is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about KB Home. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.

Investors are watching the 10-year Treasury yield as a better indicator of the where the housing market is headed.

KB Home (KBH - Free Report) closed at $53.23 in the latest trading session, marking a -1.43% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.65% for the day. Elsewhere, the Dow saw an upswing of 0.92%, while the tech-heavy Nasdaq appreciated by 3.07%.

Prior to today's trading, shares of the homebuilder had gained 19.81% outpaced the Construction sector's gain of 0.75% and the S&P 500's gain of 0.48%.

The investment community will be closely monitoring the performance of KB Home in its forthcoming earnings report. The company is scheduled to release its earnings on June 23, 2026. The company is expected to report EPS of $0.44, down 70.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.09 billion, down 28.72% from the year-ago period.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.1 per share and a revenue of $5.02 billion, indicating changes of -52.45% and -19.44%, respectively, from the former year.

Investors might also notice recent changes to analyst estimates for KB Home. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, KB Home boasts a Zacks Rank of #4 (Sell).

Investors should also note KB Home's current valuation metrics, including its Forward P/E ratio of 17.45. This valuation marks a premium compared to its industry average Forward P/E of 14.86.

It is also worth noting that KBH currently has a PEG ratio of 9.53. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Building Products - Home Builders stocks are, on average, holding a PEG ratio of 1.85 based on yesterday's closing prices.

The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 217, putting it in the bottom 12% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Experienced homebuilding leader, Bill Schmidt, to oversee KB Home's operations in the Atlanta area ATLANTA, May 21, 2026 /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., has announced its expansion into Atlanta, a top five housing market. Bill Schmidt, who joined the company in 2025 as Division President, leads KB Home's operations throughout the region, including land acquisition, construction, sales and customer service.

, /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., has been named to the 2026 TIME100 Most Influential Companies list. The sixth annual list highlights the top 100 companies making an extraordinary impact around the world and can be viewed on TIME's website. The company also made TIME's 10 Most Influential Design and Build Companies of 2026 list.

KB Home, one of the largest and most trusted homebuilders in the U.S., has been named to the 2026 TIME100 Most Influential Companies list. KB Home was recognized by TIME for its approach to rethinking what it means to build responsibly. In the last year, the homebuilder opened two communities in California, Dixon Trail and Stone Canyon, the nation's first wildfire-resilient neighborhoods. The new communities were designed to meet the Insurance Institute for Business & Home Safety®'s (IBHS) highest level of protection against direct flame contact, radiant heat and embers, which helps to meaningfully reduce the likelihood of wildfire spread.

"We are proud to be recognized by TIME as one of its 100 Most Influential Companies," said Rob McGibney, President and Chief Executive Officer of KB Home. "At KB Home, innovation has always been central to our mission, and these Wildfire Prepared Neighborhoods reflect our commitment to creating homes and communities designed to better serve homeowners — both today and in the future."

To assemble the list, TIME solicited nominations across sectors and polled its global network of contributors and correspondents as well as outside experts. Then TIME editors evaluated key factors, which included impact, innovation, ambition and success. The result is a diverse group of 100 businesses that are helping to chart an essential path forward. 

For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.

About KB Home
KB Home is one of the largest and most trusted homebuilders in the U.S. We operate in 49 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be one of the top customer-ranked national homebuilders based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

For Further Information:
Craig LeMessurier, KB Home
925-580-1583 or
[email protected]

SOURCE KB Home

Two new communities, priced from the low $800Ks, with resort-style amenities and close to highly ranked schools, are now open for tours. LAS VEGAS, May 22, 2026 /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the opening of Enclaves and Reserves at Cloudbreak Ridge, two new communities within Summerlin's La Madre Peaks Village in Las Vegas, Nevada.

KB Home (KBH - Free Report) closed at $49.22 in the latest trading session, marking a +1.28% move from the prior day. This move outpaced the S&P 500's daily gain of 0.61%. On the other hand, the Dow registered a loss of 0.23%, and the technology-centric Nasdaq increased by 1.19%.

The homebuilder's shares have seen a decrease of 12.31% over the last month, not keeping up with the Construction sector's loss of 2.89% and the S&P 500's gain of 4.44%.

The investment community will be paying close attention to the earnings performance of KB Home in its upcoming release. In that report, analysts expect KB Home to post earnings of $0.44 per share. This would mark a year-over-year decline of 70.67%. Our most recent consensus estimate is calling for quarterly revenue of $1.09 billion, down 28.72% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $3.1 per share and revenue of $5.02 billion, which would represent changes of -52.45% and -19.44%, respectively, from the prior year.

It's also important for investors to be aware of any recent modifications to analyst estimates for KB Home. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.2% decrease. KB Home presently features a Zacks Rank of #4 (Sell).

In the context of valuation, KB Home is at present trading with a Forward P/E ratio of 15.7. This expresses a premium compared to the average Forward P/E of 13.53 of its industry.

Investors should also note that KBH has a PEG ratio of 8.58 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Building Products - Home Builders industry stood at 1.72 at the close of the market yesterday.

The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 222, placing it within the bottom 10% of over 250 industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

Berkshire's acquisition of Taylor Morrison “creates pressure for small- to midsize home builders to pursue value-creating transactions,” one analyst says.

New community with resort-style amenities near local schools and outdoor recreation is now open for tours.

, /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the opening of Elevon, a new-home community within a highly desirable master plan in Lavon, Texas.

Elevon at a Glance:

Model home in Elevon community. Price: From the mid $200,000s Location: Lavon, Texas, off Elevon Parkway and State Highway 78 Home type: One- and two-story single-family floor plans Bedrooms/baths: Up to 4 bedrooms and 2.5 baths Amenities: Resort-style amenities center with a pool, splash zone, playground, dog park, fishing pond, nature trails and workout stations School district: Community Independent School District Elevon is located off State Highway 78 and Elevon Parkway and provides easy access to President George Bush Turnpike and Highway 205. The community is convenient to Lavon Lake and Lake Ray Hubbard for fishing, boating and other outdoor recreation and just minutes to local schools, including Dodson Elementary and Community Trails Middle Schools.

The homes at Elevon are designed for contemporary living, with modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and lofts. Homebuyers can personalize their new home, from floor plan and exterior style to where they live in the community, and then bring their vision to life at the KB Home Design Studio, where they can select from a wide range of interior design choices that fit their style and budget.

"We are pleased to offer area homebuyers new one- and two-story homes with outstanding community amenities, including a pool, splash zone, walking trails, playgrounds and multiple sports courts," said Ben Clark, President of KB Home's Dallas division. "At KB Home, we focus on creating value through competitive, transparent pricing and giving buyers the ability to personalize their home based on what matters most to them. We put the customer in control, so they're not paying for features they don't value or compromising on ones they do."

KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. They are designed to be ENERGY STAR® certified, a standard that fewer than 12% of new homes nationwide meet, offering greater comfort, well-being and utility cost savings compared to new homes without certification.

The Elevon sales office and model home are now open for walk-in visits and private in-person tours by appointment. Live video tours are also available. For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.

About KB Home
KB Home is one of the largest and most trusted homebuilders in the U.S. We operate in 49 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be one of the top customer-ranked national homebuilders based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

For Further Information:
Cara Kane, KB Home
321-299-6844
[email protected]

SOURCE KB Home

New community with a variety of planned amenities near outdoor recreation is now open for tours.

, /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the opening of Canoe Creek Reserve, a new-home community in St. Cloud, Florida.  

Canoe Creek Reserve at a Glance:

Model home in Canoe Creek community Price: From the low $300,000s Location: St. Cloud, Florida, at the intersection of Canoe Creek Road and Mildred Bass Road Home type: One- and two-story single-family floor plans Bedrooms/baths: Up to 6 bedrooms and 3.5 baths Community amenities: Pool with cabana and children's playground School district: The School District of Osceola County Canoe Creek Reserve is located at the corner of Canoe Creek Road and Mildred Bass Road, providing easy access to US-192, Florida's Turnpike and Narcoossee Road for a quick commute to downtown St. Cloud and the Lake Nona area. Residents will also enjoy the proximity to a variety of outdoor recreation, including Royal St. Cloud Golf Links, St. Cloud Lakefront Park, which features a beach and splash pad, and St. Cloud Civic Center Complex, which offers ball fields, basketball courts, pavilions, playgrounds and a pool. 

The homes at Canoe Creek Reserve are designed for contemporary living, with modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and lofts. Homebuyers can personalize their new home, from floor plan and exterior style to where they live in the community, and then bring their vision to life at the KB Home Design Studio, where they can select from a wide range of interior design choices that fit their style and budget.

"We are excited to introduce Central Florida homebuyers to beautiful one- and two-story homes in a highly desirable location convenient to a variety of shopping and dining in downtown St. Cloud," said Fred Wyborski, President of KB Home's Orlando division. "At KB Home, we focus on creating value through competitive, transparent pricing and giving buyers the ability to personalize their home based on what matters most to them. We put the customer in control, so they're not paying for features they don't value or compromising on ones they do."

KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. They are designed to be ENERGY STAR® certified, a standard that fewer than 12% of new homes nationwide meet, offering greater comfort, well-being and utility cost savings compared to new homes without certification.

The Canoe Creek Reserve sales office and model homes are now open for walk-in visits and private in-person tours by appointment. Live video tours are also available. For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.

About KB Home
KB Home is one of the largest and most trusted homebuilders in the U.S. We operate in 50 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be one of the top customer-ranked national homebuilders based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

For Further Information:
Cara Kane, KB Home
321-299-6844
[email protected]

SOURCE KB Home

KB Home (KBH - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this homebuilder have returned +5.1%, compared to the Zacks S&P 500 composite's +1.9% change. During this period, the Zacks Building Products - Home Builders industry, which KB Home falls in, has gained 3.1%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

KB Home is expected to post earnings of $0.44 per share for the current quarter, representing a year-over-year change of -70.7%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

For the current fiscal year, the consensus earnings estimate of $3.1 points to a change of -52.5% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $4.35 indicates a change of +40.6% from what KB Home is expected to report a year ago. Over the past month, the estimate has remained unchanged.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, KB Home is rated Zacks Rank #5 (Strong Sell).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of KB Home, the consensus sales estimate of $1.09 billion for the current quarter points to a year-over-year change of -28.7%. The $5.02 billion and $5.47 billion estimates for the current and next fiscal years indicate changes of -19.4% and +8.8%, respectively.

Last Reported Results and Surprise HistoryKB Home reported revenues of $1.08 billion in the last reported quarter, representing a year-over-year change of -22.6%. EPS of $0.52 for the same period compares with $1.49 a year ago.

Compared to the Zacks Consensus Estimate of $1.1 billion, the reported revenues represent a surprise of -1.98%. The EPS surprise was 0%.

Over the last four quarters, KB Home surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

KB Home is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about KB Home. However, its Zacks Rank #5 does suggest that it may underperform the broader market in the near term.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- KB Home (NYSE: KBH) today announced that it will release earnings for its second quarter ended May 31, 2026 after the market closes on Tuesday, June 23, 2026. A live webcast of the Company's earnings conference call will be held the same day at 2:00 p.m. Pacific Time, 5:00 p.m. Eastern Time.

To listen to the call, go to the Investor Relations section of the KB Home website at investor.kbhome.com and select the Second Quarter Earnings Conference Call link in the Events and Presentations section. The webcast will be available for replay at the KB Home website for 30 days.

About KB Home

KB Home is one of the largest and most trusted homebuilders in the U.S. We operate in 50 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be one of the top customer-ranked national homebuilders based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

For Further Information:
Jill Peters, Investor Relations Contact
(310) 893-7456 or [email protected]

SOURCE KB Home

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