KBH Earnings Prediction
The chart below shows how KBH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KBH sees a -2.27% change in stock price 10 days leading up to the earnings, and a -1.37% change 10 days following the report. On the earnings day itself, the stock moves by +0.44%. This data can give you a slight idea of what to expect for the next quarter's release.
KBH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.00B
19.47%
14.11%
Gross Margin
21.13%
0.05%
0.91%
Operating Margin
11.72%
4.09%
5.87%
Net Margin
9.53%
6.12%
6.12%
EPS
2.52
36.22%
23.53%
No Data Available
KBH Earnings Analysis
KB Home Corporation (KBH.N) Earnings Conference Call
Positive
Revenue Increase from Deliveries: Our total revenues were significantly higher year-over-year at $2 billion, driven primarily by a 17% increase in deliveries resulting from substantially lower build times.
Earnings Per Share Growth: Our earnings per diluted share grew 36% from last year's fourth quarter to $2.52.
Margin Expansion: Our margins were healthy, expanding to just under 21% in gross and increasing to 11.5% in operating income.
Shareholder Capital Return: We returned nearly $120 million of capital to our shareholders during the quarter, the vast majority of which came from share repurchases.
Home Delivery and Revenue Growth: We delivered nearly 14,200 homes, driving total revenues higher to roughly $7 billion and increased diluted earnings of $8.45 per share.
Negative
Revenue Decline Analysis: Total revenues were significantly lower year-over-year, with a reported $7.25 billion compared to $8.45 billion in the previous year, indicating a decline in sales performance.
Sales Goals Missed: The company missed its internal sales goals due to rising mortgage rates, which tempered selling pace during the quarter.
Stable Cancellation Rate: The cancellation rate remained stable but at historically low levels, suggesting a solid pool of buyers ready to close on their homes, yet indicating potential market saturation.
Net Orders Decline: The net orders for the first six weeks of 2025 were 1,026, down from 1,170 in the comparable period of the prior year, reflecting a decline in demand.
Housing Market Challenges: The company acknowledged that the housing market conditions remain favorable, but affordability constraints are influencing near-term demand negatively.
KBH FAQs
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KBH Earning Call Sentiment
KB Home (KBH) Q4 2024 Earnings Call Transcript
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00:00
00:00
KBH.N
-2.5%Positive
The earnings call reveals strong financial performance with increased revenues, earnings per share, and net orders. The company is effectively managing buyer hesitancy and has a solid strategy for land acquisition and community growth. Although there are uncertainties regarding the Southern California fires, the overall outlook remains optimistic with significant share repurchases and improved financial metrics. The Q&A section did not raise substantial concerns, and the positive guidance suggests a likely positive stock price movement.
