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KB Home (KBH) operates as a homebuilding company in the United States. 
It operates through four segments: West Coast, Southwest, Central, and Southeast.
It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.
The company also provides financial services, such as insurance products and title services. It has operations in Arizona, California, Colorado, Florida, Nevada, North Carolina, Texas, and Washington. Shares are heading higher in an upward trading channel.
On June 21st, KBH reported earnings of $1.94 per share on revenue of $1.77 billion for the fiscal second quarter ended May 2023. The consensus earnings estimate was $1.28 per share on revenue of $1.39 billion. The company beat expectations by 38.57% while revenue grew 2.63% on a year-over-year basis.
Guided Higher: The company said it expects fiscal 2023 housing revenue of $5.80 billion to $6.20 billion. The company's previous guidance was housing revenue of $5.20 billion to $5.90 billion, and the current consensus revenue estimate is $5.65 billion for the year ending November 30, 2023.
Entry Point: $53.50
Stop Loss: $50.00
Trading Range: $25.305 to $55.37
Target Price: $59.00
