KB Home (KBH) Tops Q3 EPS by 36c

KB Home (NYSE: KBH) reported Q3 EPS of $1.80, $0.36 better than the analyst estimate of $1.44. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.48 billion.

Guidance

The Company is providing the following guidance for its 2023 full year:

• Housing revenues of approximately $6.31 billion.
• Average selling price of approximately $481,000.
• Homebuilding operating income as a percentage of revenues of about 11.3%, assuming no inventory-related charges.
• Housing gross profit margin of approximately 21.3%, assuming no inventory-related charges.
• Selling, general and administrative expenses as a percentage of housing revenues anticipated to be roughly 10.0%.
• Effective tax rate of approximately 23%.
• Average community count up about 9% year over year, with ending community count of approximately 230.

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

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