KB Home (KBH) is a leading and most recognized homebuilder and has built up to 655,000 quality homes. The company offers extraordinary personalization to its homebuyers allowing them to make a budget-friendly alteration on their own. The company makes every project certified from ENERGY STAR which is energy-efficient homes helping the cost of ownership to drop.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .
KBH stock price during the regular trading session of March 23, 2022, lost its momentum by 4.66% to be $36.03. Its price plunged deep as of the writing in the aftermarket session by 4.33%.
KBH: Key Financials
KBH issued its Q1 2022 unaudited and consolidated financial outcomes on March 23, 2022, for the three months ended February 28, 2022. Some of the notable points are mentioned below.
The company posted revenue of $1.39 billion in Q1 2022 versus the same period of 2021 when revenue was recorded to be $1.14 billion. The company’s revenue grew by 23% over the year.
Diluted net income during Q1 2022 was $134.3 million or $1.47 per share corresponding to $97 million or $1.02 per share in the corresponding quarter of 2021. The company’s net income and diluted EPS increased by 38% and 44%, respectively over the year.
KBH: Events and Happenings
On March 22, 2022, KBH updated on its nomination for the 2022 Newsweek’s list of Most Trusted Companies of the US. The renowned award was presented by Newsweek and Statista Inc. On March 11, 2022. KBH reported the magnificent launch of The Enclaves at Desert Oasis, which is a single-family home community in Arizona. The community is close to all facilities and is easily accessible.
On March 11, 2022, KBH announced the magnificent launch of Butte Vista at Cobblestone, which is a Californian single-family home community. The community is ideally located on River Oaks Boulevard and is near-by to all the facilities and is easily accessible.
KBH stock dropped by 16% year-to-date. The decline in the current aftermarket session is likely associated with the company’s Q1 2022 financial statement release. As the company didn’t meet the analysts’ estimations, resultantly its stock dipped. For Q2 2022, it is expecting a revenue of $1.49 billion versus $1.54 EPS.