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Jim Cramer Discusses KB Home (KBH) & Home Prices

Jim Cramer provided insights on two major American homebuilders, KB Home and Lennar Corporation, following their recent earnings reports. Both companies have seen significant declines in their stock prices year-to-date, with KB Home down 11% and Lennar down 15%. Earnings results for both firms were mixed, leading to adjustments in their share price targets by financial analysts.

Jim Cramer Discusses KB Home (KBH) & Home Prices

Credit: Yahoo

Key Highlights

  • KB Home reported $1.69 billion in revenue for Q4, below expectations.
  • KB Home's stock is down 11% year-to-date, with a recent 10% drop in December.
  • Lennar Corporation's Q4 revenue was $9.4 billion, beating estimates but EPS missed expectations.
  • Lennar's shares have fallen 15% year-to-date, including a 10.6% drop since mid-December.
  • Analysts lowered price targets for both KB Home and Lennar following their earnings reports.
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Sources

  1. Jim Cramer Discusses KB Home (KBH) & Home Prices
  2. Jim Cramer Discusses Lennar (LEN) & Home Prices

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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