1252 ET - KB Home's 4Q report was better than investors feared it would be, UBS analysts say in a research note. The homebuilder posted higher revenue and profit in the period, in part fueled by a 41% jump in home orders from last year, which analysts say was above expectations and encouraging despite a volatile interest rate environment. Looking ahead, the bank trimmed its adjusted per-share earnings outlooks for 2025, 2026 and 2027, citing more conservative revenue and margin assumptions, as well as continued uncertainty heading into the spring selling season. Still, UBS reiterates its buy rating and says the company is well positioned to grow its market share and improve its margins, returns and cash flow. Shares rise 3.6%. (connor.hart@wsj.com)
(END) Dow Jones Newswires
January 14, 2025 12:52 ET (17:52 GMT)
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