1
KB Home reported Quarter November 2021 earnings of $1.91 per share on revenue of $1.7 billion. The consensus earnings estimate was $1.77 per share on revenue of $1.7 billion. Revenue grew 40.3% on a year-over-year basis.
The company said it expects fiscal 2022 revenue of $7.20 billion to $7.60 billion, excluding land revenue. The current consensus revenue estimate is $7.26 billion for the year ending November 30, 2022.
KB Home is one of the largest and most recognized homebuilders in the United States and has built over 650,000 quality homes in our more than 60-year history.
2
Since 13.01.2022 the stock is consolidating within an area ranging from $49.96 - $46.16.
WHAT DO I EXPECT NEXT?
3
I can imagine that the KB Home stock will continue to consolidate within the range and might break out of its consolidation channel as soon as the entire market has strength. If the stock moves above $49.96 with higher than average volume, it might be beneficial to buy the stock. When the stock price closes below its temporary low at $46.16 the trading scenario is invalid.
What are your thoughts? Leave a comment down below š
š« No investment advice, I am just displaying my personal opinion which might be wrong!
