KB Home (KBH) Q2 Revenue Tops Views

June 21, 2016 4:17 PM EDT
Get Alerts KBH Hot Sheet
Price: $43.23 --0%

Revenue Growth %: -99.8%

Financial Fact:
Revenues: 3.17M

Today's EPS Names:
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KB Home (NYSE: KBH) reported Q2 EPS of $0.17, may not compare to the analyst estimate of $0.14. Revenue for the quarter came in at $811.1 million versus the consensus estimate of $747.06 million.

Backlog and Net Orders (comparisons on a year-over-year basis)

  • Ending backlog value grew 14% to $1.83 billion, reflecting increases in all regions.
  • Homes in backlog rose 10% to 5,205.
  • Net order value for the quarter grew 14% to $1.20 billion.
  • Net orders for the quarter increased 8% to 3,249.
  • The cancellation rate as a percentage of beginning backlog for the quarter improved to 21% from 25%, and as a percentage of gross orders improved to 21% from 22%.
  • Average community count for the quarter decreased 2% to 242.

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

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