KB Home shares closed at $56.35, down 1.21%, underperforming the S&P 500's 1.66% gain. The homebuilder has lost 5.91% over the past month, while the Construction sector dropped 12.19% and the S&P 500 fell 1.49%. Analysts expect KB Home to report earnings per share of $0.88 on revenue of $1.29 billion for the upcoming quarter, declines of 45.34% and 20.14% year-over-year, respectively. For the full fiscal year, the Zacks Consensus Estimates project earnings of $3.30 per share and revenue of $5.09 billion, down 49.39% and 18.37% from the prior year. KB Home carries a Zacks Rank of 3, or Hold, and trades at a forward price-to-earnings ratio of 17.31, a premium to its industry average of 14.31.
KB HomeAnalysts expect sharp declines in earnings and revenue for the upcoming quarter and full fiscal year.