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KB Home (KBH) Stock Down -13.32% After Missing Q2 Revenue Estimates

Thursday, June 25, 2020 09:48 AM | Neal Farmer

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KB Home (KBH) Stock Down -13.32% After Missing Q2 Revenue Estimates

KB Home (KBH) is down -13.32% today after releasing their Q2 earnings yesterday. KB Home reported EPS of $0.55 on revenues of $914 million. The mean estimate was for $0.49 per share on revenues of $1.07 billion. The company’s guidance was also weak due to COVID-19 affects likely influencing traders and leading to the price drop. Missing revenues and the market outlook for real estate is leading to a growing concern among KBH investors.

KBH stock is higher by 22.78% over the last 12 months, and the average rating from Wall Street analysts is a Buy. InvestorsObserver’s proprietary scoring system, gives KBH stock a score of 73 out of a possible 100.

That score is chiefly influenced by a short-term technical score of 95. KBH’s score also includes a long-term technical score of 68. The fundamental score for KBH is 55. In addition to the average rating from Wall Street analysts, KBH stock has a mean target price of 31.888. This means analysts expect the stock to gain 10.38% over the next 12 months.

What’s Happening with KBH Stock Today

KB Home (KBH) stock is down -13.32% while the S&P 500 is down -0.65% as of 9:42 AM on Thursday, Jun 25. KBH is down -$4.44 from the previous closing price of $33.33 on volume of 371,123 shares. Over the past year the S&P 500 has gained 4.01% while KBH is higher by 22.78%. KBH earned $3.19 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.1.

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