KB Home Up 31% YTD: Could KBH Be the Next Big Opportunity?
KB Home(KBH) ZACKS·2024-08-24 01:16
KB Home (KBH) shares have surged 30.9% year to date (YTD), outperforming the broader Zacks Construction sector’s return of 16.2% and the Zacks Building Products - Home Builders industry’s gain of 22%. In fact, shares of this Los Angeles, CA-based homebuilder have rallied 26% since its second quarter of fiscal 2024 earnings release on Jun 18, outperforming the homebuilding industry’s 23% rise.In its most recent quarterly report, KB Home posted revenues of $1.71 billion, surpassing analyst estimates by 4.3%. ...