KB Home (NYSE:KBH) on Tuesday reported weak results for the first quarter.
KB Home reported quarterly earnings of 52 cents per share, which missed the analyst consensus estimate of 58 cents. Quarterly revenue came in at $1.08 billion, which missed the Street estimate of $1.1 billion and was down from $1.39 billion in the same period last year.
“With solid traffic in our communities, we generated year-over-year net order growth in our first quarter,” said Jeffrey Mezger, executive chairman of KB Home. “In addition, we are now achieving our targeted mix of Built to Order net orders.”
KB Home expects second quarter deliveries in the range of 2,250 to 2,450 homes, housing revenues in the range of $1.05 billion to $1.15 billion and housing gross profit margin in the range of 15% to 15.6%.
For the full year 2026, KB Home expects deliveries in the range of 10,000 to 11,500 homes and housing revenues in the range of $4.80 billion to $5.50 billion.
KB Home shares fell 1.6% to close at $52.12 on Wednesday.
These analysts made changes to their price targets on KB Home following earnings announcement.
- B of A Securities analyst Rafe Jadrosich maintained KB Home with a Neutral and lowered the price target from $63 to $56.
- Wells Fargo analyst Sam Reid maintained the stock with an Underweight rating and cut the price target from $55 to $50.
- Barclays analyst Matthew Bouley maintained KB Home with an Overweight rating and lowered the price target from $62 to $56.
- RBC Capital analyst Mike Dahl maintained the stock with a Sector Perform and lowered the price target from $54 to $53.
- Truist Securities analyst Jonathan Bettenhausen maintained the stock with a Hold and lowered the price target from $65 to $54.
- UBS analyst John Lovallo maintained KB Home with a Buy and cut the price target from $71 to $63.
- Goldman Sachs analyst Susan Maklari maintained the stock with a Neutral and lowered the price target from $65 to $56.
Considering buying KBH stock? Here’s what analysts think:
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