KB Misses on 4Q 2015 Earnings

KB Misses on 4Q 2015 Earnings

KB Home reported 4Q 2015 earnings of $44 million, or 43 cents a share, compared to analyst expectations of 50 cents a share. KB also reported that average selling prices increased 8% from a year earlier and revenue and deliveries were up 24% and 15%, respectively, in the same timeframe. CEO, Jeffrey Mezger, blamed the earnings miss on lower than anticipated deliveries due to labor shortages and weather. The stock was down close to 15% at market close.

Read More

Previous Big Blow Dealt to Santa Clarita Mega-Project
Next Matt Tingler Appointed President and COO of Warmington Residential

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Homebuilders / Land Developers

William Lyon Homes Releases Earnings Results, Misses Expectations

William Lyon Homes (WLH) announced its most recent quarterly financial results on Wednesday, Feb-22-2017. WLH reported $0.60 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07.

Homebuilders / Land Developers

Homebuilders Surge On Strong Earnings, Low Inventory Levels

In addition to our “REIT Rankings” series which includes all 13 REIT sectors, we also cover the homebuilder sector, which we view as a compliment or hedge to a balanced