KBH - Are KB Home's Results As Promising As They First Appear?
2024-06-26 10:07:42 ET
Summary
- Revenue and EPS have been above analyst estimates in the past quarter, but revenue has declined compared to the prior year.
- The profitability of the firm has not improved and remains relatively weak relative to industry peers.
- Share repurchases and dividend payments highlight the commitment to returning value to shareholders, while stock is considered fairly valued.
- We maintain our "hold" rating.
KB Home ( KBH ) operates as a homebuilding company in the United States. We started coverage of the company in January 2023 with an initial neutral rating, which we have maintained since then. In this time frame, the firm's stock has performed exceptionally well, substantially outpacing the broader market....
Are KB Home's Results As Promising As They First Appear?