KB Home has drawn heavy search interest on Zacks.com, and the numbers behind the buzz point to weakening near-term expectations. For the current quarter, the homebuilder is expected to post earnings of $1.25 per share, a change of -34.9% from the year-ago quarter, and the Zacks Consensus Estimate has moved -12.8% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $3.25 points to a change of -50.2% from the prior year, while the next fiscal year's estimate of $3.77 indicates a change of +16% but has fallen -12.5% over the past month. Those revisions, along with three other earnings-related factors, have produced a Zacks Rank #4 (Sell) for KB Home. On the revenue side, the consensus sales estimate of $1.54 billion for the current quarter points to a year-over-year change of -9.4%, with the $5.02 billion and $5.16 billion estimates for the current and next fiscal years indicating changes of -19.4% and +2.7%, respectively. In its last reported quarter, KB Home posted revenues of $1.3 billion, down 20% year over year, and EPS of $1.05 versus $1.61 a year ago, beating the Zacks Consensus Estimate on both lines.
KB HomeKB Home received a Zacks Rank #4 (Sell) as consensus earnings estimates were cut sharply, with current-quarter EPS expected down 34.9% year over year.
