KB Home enters its Q3 earnings report with bearish sentiment from Wells Fargo, as analysts anticipate significant year-over-year declines in both earnings and revenue.
KB Home faces an Underweight rating and a price target cut from Wells Fargo, while Q3 EPS is expected to drop sharply to $0.90 per share from $1.61 year-over-year.
KB Home prepares to report third-quarter earnings on Tuesday, with analysts projecting a sharp decline in EPS to $0.90 from $1.61 in the year-ago period. Revenue is expected to hit $1.30 billion, down from $1.62 billion last year. Ahead of the release, Wells Fargo maintained an Underweight rating on the stock and lowered its price target from $52 to $50.
KB Home is scheduled to release its third-quarter financial results after the closing bell on Tuesday, September 22.
The outlook remains cautious, with Wells Fargo maintaining an Underweight rating and reducing the price target to $50 ahead of the earnings release.