KB Home (KBH) To Report Q4 Earnings: What's In The Cards?
Zacks Investment Research | Jan 07, 2019 12:40AM ET
KB Home (NYSE:KBH) is slated to report fourth-quarter fiscal 2018 results on Jan 9, after market close. The company delivered a positive earnings surprise of 11.5% in the last reported quarter.
Moreover, the company surpassed estimates in each of the trailing six quarters, with average positive surprise of 17.6%. Additionally, both its top and bottom lines increased 7.1% and 71%, respectively, on a year-over-year basis.
Let’s See How Things are Shaping Up for This Announcement
KB Home, one of the top home builders in the United States, has been consistently reporting solid top-line numbers across its product categories. The trend is expected to continue in the fourth quarter as well, owing to its Built-to-Order approach and Returns-Focused Growth Plan.
In the first nine months of fiscal 2018, total revenues increased 8% year over year, owing to 4.7% growth in home deliveries and 3% improvement in average selling price. Particularly in the Homebuilding segment, operating income increased 38% to $105.6 million in the said period.
Moreover, for the fiscal fourth quarter, the company expects housing revenues between $1.39 billion and $1.45 billion (versus $1.4 billion reported in the year-ago quarter). This is expected to be driven by higher average selling prices and the delivery of a significant portion of the backlog. However, average selling price in the to-be-reported quarter is anticipated to be around $400,000-$405,000, below the prior-year figure of $416,500. Notably, the Zacks Consensus Estimate for fiscal fourth-quarter total revenues is pegged at $1.35 billion, implying a 3.9% decrease from a year ago.
KB Home Price and EPS Surprise
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