|Day's Range||38.87 - 39.77|
|52 Week Range||26.09 - 39.77|
|PE Ratio (TTM)||16.33|
|Earnings Date||Aug 21, 2017 - Aug 25, 2017|
|Dividend & Yield||0.32 (0.81%)|
|1y Target Est||41.00|
KB Home topped fiscal second-quarter earnings and revenue estimates after the close Tuesday, potentially triggering breakouts from four rival builders.
Economists were calling for an economic recession, home-builder activity dropped due to adverse weather conditions, mortgage rates rose as inflation expectations picked up and renting remained the Millennial fad. Home-builder stocks have roared higher in 2017 as interest rates have remained low, unemployment has contracted, wages have grown, builder confidence has soared and Millennials have started buying homes. PulteGroup, Inc. (NYSE:PHM) is up more than 30% year-to-date, while Lennar Corporation (NYSE:LEN), William Lyon Homes (NYSE:WLH) Toll Brothers Inc (NYSE:TOL) and D.R. Horton, Inc. (NYSE:DHI) are all up more than 20% in 2017.
Toll Brothers (TOL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.