KB Home expects Q4 deliveries in the range of 3,000 to 3,500 homes
Company sees Q4 housing revenues between $1.45 bln and $1.65 bln
KB Home maintains full-year 2026 guidance for deliveries, revenues and margins within prior ranges
Overview
U.S. homebuilder's Q3 revenue down 20% yr/yr
Adjusted EPS for Q3 fell to $1.05 from $1.61 yr/yr
Company repurchased $50 mln of common stock in Q3
Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 10 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the homebuilding peer group is "buy."
Wall Street's median 12-month price target for KB Home is $56.33, about 17.7% above its September 21 closing price of $47.86
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago
Result drivers and key details
Weak housing market - Co said higher mortgage rates and economic uncertainty made buyers more cautious, pressuring affordability
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