KBH - KB Home's Q3 Earnings Beat Expectations But Analysts Cautious On Q4 Margins | Benzinga
Shares of KB Home (NYSE: KBH) came under pressure in early trading on Tuesday, after the company reported a decline in sales for its fiscal third quarter.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release.
Wedbush On KB Home
Analyst Jay McCanless maintained an Outperform rating, while reducing the price target from $64 to $55.
KB Home’s closings in the quarter were ahead of expectations "on lower cycle times and pulled some closings into F3Q23 from F4Q23,” ...