KB Home (KBH) Tops Q1 EPS by 19c, Management has Withdrawn Guidance

KB Home (NYSE: KBH) reported Q1 EPS of $0.63, $0.19 better than the analyst estimate of $0.44. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $955.5 million.

Note Relating to 2020 Guidance

In light of the uncertainty surrounding the spread of COVID-19 and the unprecedented public health and governmental efforts to contain it, management has withdrawn guidance for its 2020 fiscal year. Through its experienced leadership team, and supported by a solid balance sheet and significant liquidity, the Company continues to engage with customers who maintain a strong desire for homeownership, deliver homes and generate revenues, while working closely with its business partners and monitoring cash outflows to position the Company to navigate through this evolving operating environment.

For earnings history and earnings-related data on KB Home (KBH) click here.

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