Here's Why KB Home Stock Is Jumping Today
Shares of KB Home (NYSE: KBH) are up 9.4% as of 3:37 p.m. EDT after the homebuilder reported better-than-expected earnings and calmed investors' fears about the impact of recent hurricanes and an unfortunate situation involving the company's CEO.
KB Home beat analysts' expectations on both the top and bottom lines. Earnings came in at $0.51 per share, $0.05 above expectations, and while the market was looking for revenue of $1.12 billion, the company delivered $1.14 billion. In addition, KB Home delivered 2,765 homes in the quarter, 29 more than expected.
Image source: Getty Images.
Source: Fool.com
KB Home Stock
?
-1.170%
Currently there is a rather positive sentiment for KB Home with 8 Buy predictions and 4 Sell predictions.
As a result the target price of 51 € shows a slightly positive potential of 2.39% compared to the current price of 49.81 € for KB Home.
