KB Delivers Q1 Earnings Beat

KB Delivers Q1 Earnings Beat

In another indication of the strengthening new home market, KB reported Q1 earnings above consensus estimates. Analysts had predicted profit of $0.02 per share, which was lower than the $0.08 per share reported by KB. The $580.12M in revenues also exceeded the $474.9M analyst consensus. While margin weakness is a continuing concern, deliveries, average selling price, net orders, net order value and backlog were all up from the year-ago period.

Read More

Previous Lennar Beats in Street in Fiscal Q1 2015
Next SunCal Places Big Bet in Arts District

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Homebuilders / Land Developers 0 Comments

Lennar Begins Construction on 450-Unit Rental Project in West Covina

One of the nation’s largest homebuilders, Lennar, commences construction on a 450-unit mixed-use project in West Covina. As one of eight projects in their Southern California multi-family portfolio, it appears

Homebuilders / Land Developers

UCP Profit Jumps On Higher Revenue, Tax Benefit

UCP, Inc. (NYSE:UCP), San Jose, on Monday morning announced net income of $9.3 million for the quarter ended Dec. 31, 2016, up from $7.6 million for the prior-year period. Net

Homebuilders / Land Developers

New Home Company Reports Higher Profit

The New Home Company Inc. (NYSE: NWHM), ALISO VIEJO, Calif., on Wednesday reported a profit of $13.8 million, or $0.66 per diluted share, for the fourth quarter ended Dec. 31,