KB Home

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Earnings Announcements

Kb Home Reports 2020 Third Quarter Results

Published: 09/22/2020 20:24 GMT
KB Home (KBH) - Reports 2020 Third Quarter Results.
Q3 Earnings per Share $0.83.
Q3 Revenue $1.0 Billion Versus Refinitiv Ibes Estimate of $893.2 Million.
Q3 Earnings per Share Estimate $0.53 -- Refinitiv Ibes Data (analyst estimates).
Qtrly Homes Delivered Were 2,545, Compared to 3,022.
Qtrly Net Orders for Quarter Grew 27% to 4,214.
Qtrly Inventories Decreased Slightly to $3.67 Billion.
Quarter Ending Backlog Value Grew 12% to $2.57 Billion.
Subsequent to End of Q3, Demand Remains Strong.
Net Orders for First Three Weeks of September 2020 Up 32%.
Cancellation Rate for First Three Weeks of September 2020 Improving to 12% From 17%.company's Net Orders Began to Rebound Significantly in May Following a Low Point in April.
Upward Trajectory in Co's Net Orders Continued Into Q3.
Revenue is expected to be $1.49 Billion
Adjusted EPS is expected to be $1.31

Next Quarter Revenue Guidance is expected to be $1.6 Billion
Next Quarter EPS Guidance is expected to be $1.59

More details on our Analysts Page.