KB Home Q2 Earnings Preview
<p>Wedbush analysts shared their outlook on <a href='https://financialmodelingprep.com/financial-summary/KBH'>KB Home (NYSE:KBH)</a> ahead of the company’s Q2 earnings (scheduled to be reported on June 22), reiterating their outperform rating and $73 price target.</p>
<p>The company pre-released preliminary Q2/22 operating data on June 7 but did not reveal any preliminary average price or profit margin details. Based on the preliminary data, the company was at the high end of the closing guidance. </p>
<p>The analysts suspect the main catalyst was some closings that slipped to Q2 from Q1 because of Omicron, but if there was a positive change in the supply chain issues, that would be positive for the company.</p>
<p>Preliminary Q2 orders were 9% lower year-over-year at 3,900 homes compared to the consensus estimate of a 1% decline. Preliminary closings were 1% lower year-over-year at 3,500 homes which were ahead of the consensus estimate of a 3% decline. </p>
<p>The analysts maintained their Q2 EPS estimate of $2.01, compared to the consensus estimate of $1.99 and their total sales estimate of $1.6 billion (in line with the consensus estimate).</p>

NYSE:KBH