After-Hours Trading Highlights: KB Home and Rithm Capital Surge
Explore the latest movements in after-hours trading as KB Home and Rithm Capital capture investor attention with impressive earnings reports. Discover how these companies are shaping the market landscape and what it means for potential investment strategies.
KB Home Set to Release Q3 Earnings Amid Housing Market Fluctuations
KB Home is set to release its third-quarter earnings report on September 24, 2024, amid a fluctuating housing market. Analysts predict a revenue increase to $1.73 billion, up from $1.59 billion last year, and an EPS of $2.06, reflecting continued strength in the homebuilding sector. The report will provide insights into how recent Federal Reserve rate cuts may influence housing demand and new home supply, making it a crucial event for investors and stakeholders.
KB Home Exceeds Q2 Earnings Expectations and Provides Optimistic Guidance for Full Year 2024
KB Home (NYSE: KBH) has exceeded expectations in its second-quarter earnings report, with earnings per share (EPS) coming in at $2.15, surpassing the analyst estimate of $1.80. The revenue for the quarter reached $1.71 billion, higher than the consensus estimate of $1.65 billion. KB Home’s positive performance in Q2 and its optimistic guidance for the full year indicate a strong outlook for the company in the housing market.