KB Home (KBH) Shares Up 4% Following Q4 EPS Beat

KB Home (NYSE: KBH) shares were trading around 4% higher after-hours following the company’s reported Q4 results, with EPS coming in at $1.91, beating the consensus estimate of $1.76. Quarterly revenue grew 40% to $1.68 billion, compared to the consensus estimate of $1.71 billion. Homes delivered during Q4 increased 28% to 3,679, with the average selling price growing 9% to $451,100.

The company provided its full 2022-year outlook, expecting housing revenues to range from $7.20 billion to $7.60 billion and an average selling price in the range of $480,000 to $490,000. The company will also provide its outlook for Q1/22 on its conference call today.

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