KB Home stock jumped over 6% after robust Q4 earnings growth.
Shares of KB Home jumped after the homebuilder's Q4 earnings highlight the company's "outstanding growth in revenues and margins," said President and CEO Jeffrey Mezger.
Still, Q4 revenues of $1.68B miss the consensus by $30M, and up from $1.47B in Q3.
On a brighter note, diluted earnings per share of $1.91 beats the $1.77 consensus, up from $1.60 in the previous quarter.
Homes delivered of 3,679 increases 20% in Q4. The average selling price increases 9% to $451.1K. Looking forward, the company expects housing revenues to be $7.2B-7.6B in 2022 and an average selling price of $480K-490K.
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