KB Home (KBH) Stock Moves -0.92%: What You Should Know

In the latest market close, KB Home (KBH) reached $64.47, with a -0.92% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.11%. Elsewhere, the Dow saw a downswing of 0.42%, while the tech-heavy Nasdaq depreciated by 1.89%.The homebuilder's shares have seen a decrease of 18.12% over the last month, not keeping up with the Construction sector's loss of 10.59% and the S&P 500's loss of 1.7%.The investment community will be paying close attention to the earnings performance of KB Home in its upcoming release. The company is slated to reveal its earnings on January 13, 2025. The company's upcoming EPS is projected at $2.45, signifying a 32.43% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.99 billion, up 19% from the year-ago period.Investors should also take note of any recent adjustments to analyst estimates for KB Home. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.29% lower. KB Home is currently sporting a Zacks Rank of #4 (Sell).In the context of valuation, KB Home is at present trading with a Forward P/E ratio of 7.21. This represents a discount compared to its industry's average Forward P/E of 7.77.It's also important to note that KBH currently trades at a PEG ratio of 0.56. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Building Products - Home Builders industry had an average PEG ratio of 0.65.The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 215, this industry ranks in the bottom 15% of all industries, numbering over 250.The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report KB Home (KBH): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks