BTIG analyst Carl Reichardt keeps his Neutral rating on KB Home after its Q4 earnings miss. The results for the quarter were driven by fewer deliveries and lower gross margin than he had expected, those these were partially offset by higher average selling prices and lower SG&A as percent of sales, the analyst tells investors in a research note. KB Home is struggling to compete with more aggressive, spec-focused low-end peers that are liquidating excess inventory, Reichardt adds.
Published first on TheFly
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