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The Zacks Rank Explained: How to Find Strong Buy Construction Stocks

Zacks Equity Research
·1 min read

Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.

Should You Buy #1 (Strong Buy)-Ranked KB Home (KBH) for Your Portfolio?

KB Home was upgraded to the Zacks Rank #1 list on April 9, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

Based in Los Angeles, CA, KB Home is a well-known homebuilder in the United States and one of the largest in the state. The company’s revenues are generated from Homebuilding (accounting for 99.5% of fiscal 2023 total revenues) and Financial Services (0.5%) operations.

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Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.42 to $8.01 per share. KBH boasts an average earnings surprise of 26.1%.

Earnings are forecasted to see growth of 13.9% for the current fiscal year, and sales are expected to increase 5.6%.

KBH has been moving higher over the past four weeks as well, up 5.4% compared to the S&P 500's loss of 0.4%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, KB Home could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.

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KB Home (KBH) : Free Stock Analysis Report

Zacks Investment Research