KB Home (KBH) Tops Q4 Earnings Estimates, Backlog Strong
KB Home KBH reported impressive fourth-quarter fiscal 2016 earnings of 40 cents per share that surpassed the Zacks Consensus Estimate of 37 cents by 8.1%. On a year-over-year basis, the reported figure was down 7%.
Total revenue of $1,191.9 million in the quarter beat the Zacks Consensus Estimate of $1,168 million by 2%. That said, revenues registered a 20.9% year-over-year increase, driven by higher housing revenues.
Shares of the homebuilder gained 2.41% in the after-hours trading session after the earnings release on Jan 10. Though earnings remain subdued owing to soft performance by Financial Services, investors are impressed with the company’s revenue as well as backlog levels.
About author
You might also like
Toll Doubles Profit in 3Q 2104, Stock Drops?
Although the current quarter was a strong one for Toll primarily due to its ability to compress overhead and selling expenses, the stock took a hit as a result of
2015 Builder 100 List
Builder Magazine releases its 2015 list of the biggest homebuilders in the country as measured by total annual closings. At the top of the list, in order, DR Horton, Lennar
Local Homebuilding Successes Defy Critics
If Orange County is purportedly such a poor place to do business, how did four local master-planned communities end up on a list of the 20 fastest-selling projects in the
