(News Bulletin 247) – Wedbush reaffirms its ‘outperform’ opinion on KB Home, with a price target raised from $42 to $55, in the wake of an increase in its 2023 and 2024 EPS and revenue estimates for the manufacturer of accommodation.
“We believe that recent EPS releases from KB Home’s listed competitors suggest that spring and early summer demand trends have been significantly better than what we were writing in March,” he said. -he.
With the approach of the publication of the group’s results for its second accounting quarter, the broker indicates that it anticipates EPS of 1.34 dollars, slightly higher than the consensus, as well as a 16% drop in revenues to 1.4 billion.
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