KB Home Reports 3.3K Orders, 4.5K Backlog; Forecasts Q3 Deliveries 2.6K-2.8K
KBH sits 24% above its 52-week low of $44.025 on elevated volume (2.1× avg).
Summary
KB Home reported 3,317 net orders and a 4,526-home backlog for the second quarter. The company also provided specific Q3 guidance, forecasting 2,600-2,800 home deliveries and $1.20-$1.35 billion in housing revenue, along with a full-year 2026 outlook of 10,500-11,000 deliveries and $4.90-$5.30 billion in housing revenue. This detailed operational data and forward outlook follows yesterday's Q2 earnings report, which highlighted significant year-over-year declines in deliveries and revenue, and an earlier Q1 report that lowered full-year guidance. These updated metrics are crucial for traders to assess the company's current operational health and adjust future expectations.
At the time of this announcement, KBH was trading at $54.59 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $44.03 to $68.71. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Wiseek News.