BUZZ-KB Home falls after downbeat annual revenue forecast, Q1 results miss

Reuters
25 Mar
BUZZ-<a href="https://laohu8.com/S/KBH">KB Home</a> falls after downbeat annual revenue forecast, Q1 results miss 

** Shares of home builder KB Home KBH.N fall 8.3% to $56.65 premarket

** KBH expects 2025 revenue in the range of $6.60 billion to $7.00 billion, compared to a previous forecast of $7 billion to $7.5 billion; analysts on average expect annual revenue of $6.88 billion

** Co posts Q1 revenue of $1.39 billion, missing analysts' average estimate of $1.5 billion, as per data compiled by LSEG

** Reports Q1 profit of $1.49/share, vs analysts' estimate of $1.57/share

** 5 out of 16 brokerages rate the stock "buy", 9 rate "hold", and 2 "sell"; their median PT is $71.50- as per LSEG data

** As of last close, KBH stock was down 9.7% in the past 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

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