KB Home (KBH) Tops Q2 EPS by 35c; offers FY guidance

KB Home (NYSE: KBH) reported Q2 EPS of $2.15, $0.35 better than the analyst estimate of $1.80. Revenue for the quarter came in at $1.71 billion versus the consensus estimate of $1.65 billion.

GUIDANCE

The Company is providing the following guidance for its 2024 full year:

Housing revenues in the range of $6.70 billion to $6.90 billion.
Average selling price in the range of $485,000 to $495,000.
Homebuilding operating income as a percentage of revenues in the range of 11.0% to 11.4%, assuming no inventory-related charges.

Housing gross profit margin in the range of 21.1% to 21.5%, assuming no inventory-related charges.
Selling, general and administrative expenses as a percentage of housing revenues of approximately 10.1%.

Effective tax rate of approximately 23.0%.
Ending community count in the range of 250 to 255.

For earnings history and earnings-related data on KB Home (KBH) click here.

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