KB Home [NYSE:KBH] will report earnings after markets close on Tuesday, January 12th.
KBH Earnings Forecast For The Current Quarter
KB Home [KBH] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $1.14B and an earnings per share of $0.93 for Nov 2020. Looking further ahead, the company is expected to report revenue of $1.27B at an EPS of $0.81 for Feb 2021. The estimates represent downside of 35.40% and 50.31% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
KBH Earnings Estimates For The Current Year
For the financial year, KB Home [NYSE:KBH] is expected to bring in revenue of $4.12B. The returns are nearly $-430.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 2.95, higher than that of FY19 by $0.1. Estimates put this year’s earnings growth at 3.50%, 50.20% for the next, and at an annual 16.05% over the next 5-year period. As for sales, forecasts are for a decrease of -9.40% in the current fiscal year and a further 35.40% over the following year.
KBH Price Performance
On Wall Street, KB Home [NYSE:KBH] finished Friday’s session down -3.70% at $33.04. The stock went up to $34.44 at the same session while its lowest single day price was $32.70. In the last five days, it saw a fall of about -1.43%, KB Home shares dropped by almost -1.43% since the beginning of the year. However, the share price has dropped to as low as -21.71% below its one year high. On 01/07/21, the company shares recorded $34.55, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $31.76. The company’s shares have declined by -10.85% in the past year. The 50-day SMA achieved is $34.40 while the 200-day SMA is $32.55. Volume dropped to 1.41 million from 1.95 million in the previous session.
KB Home [KBH] Valuation Measures
Notably, KB Home [KBH] stock can be classified as a good candidate in the listing of underestimated low-priced Residential Construction companies to purchase soonest possible with the prevailing 12-month PE ratio of 9.93. The measure means the stock is exchanging at a discount as compared to the 11.39x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.68 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 0.86 which means KBH serve an attractive investment opportunity compared to its competitors.
KBH Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 32.35 level, and in case of violation of this particular level, it will cause more drop to 31.65 level. On the upper level, 35.13 is still the key resistance. The stock may increase to the subsequent resistance at 34.09. The Relative Strength Index (RSI) pinned on the 14-day chart is 43.23, implying a neutral technical stance while the MACD stands at -0.94, meaning price will decrease in the next trading period. Percent R indicator moved to 71.14%, implying bearish price movement. Stochastic %K at 36.41% suggest holding the stock.
Is KB Home [NYSE:KBH] a Good Buy Right Now?
It should be noted that KBH technical indicators for short, intermediate as well as long term progress have placed an overall average of 40% as Sell. The average signal changed from 40% Sell in the last week and compares with 8% Buy in the past month. Data from KB Home’s Trend Spotter indicated that the signals were Weakening. The stock current average is 1.25 million shares in the past 20 days and the short term average signal indicates a 50% Sell. In the last 50 days, the average trading volume was 1.39 million shares while the medium term average advocated for 50% Sell. The average long-term signal stands at Hold and the 100-day average volume stands at 1.44 million shares.
What is the short interest in KB Home?
Short interest in the KB Home stock has plunged, decreasing by -0.83 million shares to total 3.39 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 2.56 million, data from Yahoo Finance shows. The increase of 24.48% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 4.21% of the overall float for the stock.
KB Home’s Biggest Shareholders: Who Owns KB Home [KBH]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 9,920,875 shares or roughly 10.96% of the outstanding KBH shares. This means their shares have increased by 93,862 from the 9,920,875 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $265,197,117. Details in the latest 13F filings reveal that Fidelity Management & Research Co acquired their 0.31% stake valued at $163,456,128 while Macquarie Investment Management B added theirs at $138,201,184. During the last quarter, Fidelity Management & Research Co raised 14,210 of its shares in KB Home while Macquarie Investment Management B bought 135,475 shares. The AllianceBernstein LP’s holdings currently number 3,053,240 shares at $100879049.6. According to the firm’s last 13F report, Capital Research & Management Co shares in the company at filing stood at 2,957,918 shares, roughly $104,118,714.
What are analyst thoughts on KB Home?
Looking forward to the KB Home share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for KB Home stock at $44.00 within the next 12 months, which represents almost 24.91 per cent growth from its previous closing price of $33.04. The highest analysts’ target for KB Home stock projections is $58.00 and the lowest one is $30.00. Still, 16 analysts sharing their consensus rating for KBH stock in 2021 agree that it is an Overweight.