KB Home Likely To Report Lower Q1 Earnings; Here's A Look At Recent Price Target Changes By Wall Street's Most Accurate Analysts

KB Home KBH is expected to release earnings for its first quarter ended Feb. 28, 2023 after the closing bell on March 22, 2023.

Analysts expect the company to post quarterly earnings at $1.14 per share, down from $1.47 per share in the year-ago period. The company’s revenue might come in at $1.31 billion.

KB Home shares gained 2.7% to close at $36.64 on Tuesday, and lost 0.5% in after-hours trading.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Michael Rehaut downgraded the stock from Overweight to Underweight and cut the price target from $36 to $32.5 on March 6, 2023. This analyst sees around 11% downside in the company’s stock and has an accuracy rate of 73%.
• Evercore ISI Group analyst Stephen Kim maintained an Outperform rating and cut the price target from $50 to $46 on Sept. 22, 2022. This analyst sees around 25% upside in the company’s stock and has an accuracy rate of 80%.
• Wedbush analyst Jay McCanless maintained an Outperform rating and lowered the price target from $60 to $44 on Sept 22, 2022. This analyst sees around 20% upside in the company’s stock and has an accuracy rate of 81%.
• UBS analyst John Lovallo maintained a Buy rating and cut the price target from $48 to $45 on Jan. 12, 2023. This analyst sees around 23% upside in the company’s stock and has an accuracy rate of 69%.
• B of A Securities analyst Rafe Jadrosich downgraded the stock from Buy to Neutral with a price target of $34 on Aug. 25, 2022. This analyst sees around 7% downside in the company’s stock and has an accuracy rate of 68%.

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