From Financial Modeling Prep: 2025-03-25 12:53:00

KB Home (NYSE:KBH) shares dropped over 8% today after reporting lower-than-expected first-quarter results and revising down its full-year revenue forecast. Earnings per share were $1.49, missing estimates of $1.59, with revenue at $1.39 billion, a 5% decrease from last year. Home deliveries fell 9% to 2,770 units.

The average selling price rose 4% to $500,700, helping offset volume declines. KB Home blamed slow buyer activity on affordability challenges and economic uncertainty affecting consumer confidence. The company now expects full-year revenue between $6.60 billion and $7.00 billion for 2025, down from previous estimates, with an average selling price of $480,000 to $495,000.



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