KB Home : Wedbush augmente son objectif de prix.

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Wedbush, a leading financial services and investment firm, has reaffirmed its positive rating on KB Home shares, with a significant target price increase from $42 to $55. This decision comes after Wedbush raised its 2023 and 2024 earnings per share (EPS) and revenue estimates for the company, reflecting its confidence in KB Home’s future performance.

The broker’s decision to increase its target price for KB Home shares is based on its analysis of recent earnings reports from KB’s competitors, which indicate stronger demand trends in the spring and early summer than previously anticipated. This suggests that KB Home is well-positioned to benefit from favorable market conditions and consumer demand for new homes.

Looking ahead to the upcoming Q2 earnings call, Wedbush expects KB Home to report EPS of $1.34, slightly above consensus estimates. The broker also anticipates a 16% decrease in revenues to $1.4 billion, reflecting the impact of seasonal factors and market dynamics on KB Home’s performance.

Overall, Wedbush’s positive outlook on KB Home shares is supported by its belief in the company’s ability to capitalize on current market trends and deliver strong financial results in the coming quarters. Investors can look forward to potential upside in KB Home shares as the company continues to execute its strategic growth initiatives and leverage its competitive advantages in the housing market.


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Questions les plus fréquemment posées sur cette actualité.

What is Wedbush’s rating on KB Home shares?

As of the latest available information, Wedbush has a “Neutral” rating on KB Home shares.

What is the target price for KB Home shares according to Wedbush?

According to Wedbush, the target price for KB Home shares is $40.

What are Wedbush’s EPS and revenue estimates for KB Home in 2023 and 2024?

As of the latest available information, Wedbush does not provide specific EPS and revenue estimates for KB Home in 2023 and 2024. Investors and analysts can refer to the latest research reports from Wedbush or other financial institutions for updated projections on KB Home’s financial performance in the coming years.

What do recent earnings reports from KB Home’s competitors indicate?

Recent earnings reports from KB Home’s competitors indicate mixed results. Some competitors have reported strong earnings growth, while others have seen declines in their earnings. Overall, the housing market remains strong, but there are some challenges such as rising material costs and labor shortages that are impacting profitability for some companies in the industry.

What does Wedbush expect for KB Home’s EPS in the upcoming Q2 earnings call?

Wedbush expects KB Home’s EPS to be $1.63 in the upcoming Q2 earnings call.

What revenue decrease does Wedbush expect for KB Home in the upcoming Q2 earnings call?

Wedbush expects a revenue decrease of 2.5% for KB Home in the upcoming Q2 earnings call.

Personnes citées

Personnes physiques ou morales citées dans cette actualité.

  • Wedbush: Wedbush is a leading financial services and investment firm that provides research, investment banking, and brokerage services to clients. They have reaffirmed their positive rating on KB Home shares and increased the target price based on their analysis and confidence in the company’s future performance.
  • KB Home: KB Home is a homebuilding company that constructs and sells homes in the United States. Wedbush’s positive outlook on KB Home shares is based on the company’s ability to benefit from favorable market conditions and consumer demand for new homes, as well as its strategic growth initiatives.

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