KB Home To Post (KBH) Q3 Earnings: What's In The Cards?
Zacks Investment Research | Sep 19, 2019 10:11PM ET
KB Home (NYSE:KBH) is scheduled to report third-quarter fiscal 2019 results on Sep 25, after market close. In the last reported quarter, its earnings and revenues surpassed the Zacks Consensus Estimate by 30.8% and 9.3%, respectively. Notably, the company topped earnings expectations in each of the trailing 14 quarters.
Although the bottom line witnessed a positive surprise trend over the last several quarters, the metric declined 22.5% and 10.5% year over year in the fiscal first and second quarters, respectively. Its top line also decreased 6.9% and 7.2% year over year in the fiscal first and second quarters, respectively. The company has been experiencing lower average selling price (“ASP”) of homes delivered, declining housing revenues and higher marketing expenses to support new community openings.
Which Way are Estimates Trending?
Let’s take a look at the estimate revision trend in order to get a clear picture of what analysts are thinking about the company prior to the earnings release.
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has declined 1.5% over the past 60 days to 65 cents. This indicates a decrease of 25.3% from the year-ago earnings of 87 cents per share. Revenues are also expected to decline 4.5% from the prior-year quarter to $1.17 billion.
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