<p>KB Home（纽约证券交易所代码：KBH）的股价在周三上涨超过 1%。该股票在过去三个月中下跌了 4%。这家房屋建筑商计划于 12 月 18 日市场收盘后公布 2025 年第四季度的财报。以下是对财报的预期：</p>
<p><img src="https://imageproxy.pbkrs.com/https://cdn.news.alphastreet.com/wp-content/uploads/2025/09/KB-Home-Q3-2025.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1024" height="768" original-src="https://imageproxy.pbkrs.com/https://cdn.news.alphastreet.com/wp-content/uploads/2025/09/KB-Home-Q3-2025.png"/></p>
<h2><strong>收入</strong></h2>
<p>分析师预计 KB Home 在 2025 年第四季度的收入为 16.6 亿美元，较去年同期下降超过 16%。在 2025 年第三季度，收入同比下降 7%，为 16.2 亿美元。</p>
<h2><strong>收益</strong></h2>
<p>2025 年第四季度每股收益的共识预期为 1.79 美元，较去年同期下降超过 28%。在 2025 年第三季度，每股收益同比下降 21%，为 1.61 美元。</p>
<p>KB Home 2025 年第三季度收益信息图</p>
<h2><strong>注意事项</strong></h2>
<p>与同行一样，KB Home 在一个充满挑战的住房市场中运营，通货膨胀和利率成为了可负担性的问题。然而，利率的下降使得可负担性有所改善，这可能有助于其在第四季度的表现。该公司对住房市场的长期前景保持乐观。</p>
<p>KB Home 预计 2025 年第四季度的住房收入将在 16 亿至 17 亿美元之间。平均售价预计为 465,000 至 475,000 美元，住房毛利率预计为 18.0% 至 18.4%。</p>
<p>在第三季度，KBH 的净订单下降了 4%，交付的房屋减少了 7%。平均售价为 475,700 美元，同比略有下降。调整后的住房毛利率从去年的 20.7% 下降至 18.9%，反映了价格下降、相对土地成本上升和地理组合的影响，部分被较低的建筑成本所抵消。</p>
<p>KB Home 的定制建房模式为购房者提供符合其价格范围的定制房屋，给公司带来了优势。这家房屋建筑商更倾向于提供透明的价格，而不是通过激励措施来推动销售。</p>
<p>在其第三季度的财报电话会议上，KBH 提到计划在第四季度强调定制建房，并且目标是将定制建房的比例恢复到 70%。预计定制建房的比例增加将推动毛利率的扩张，因为这些房屋的毛利率显著高于库存房屋。</p>
<p>关于 2025 年第四季度 KB Home（KBH）预计收入和收益下降的财报预览首次出现在 AlphaStreet 上。</p>

<p>KB Home（纽约证券交易所代码：KBH）预计在 2025 年第四季度报告收入和盈利的下降，预计收入为 16.6 亿美元，同比下降超过 16%，每股收益（EPS）预计为 1.79 美元，下降超过 28%。尽管住房市场面临挑战，但利率的下调可能有助于业绩表现。该公司对长期住房市场前景保持乐观，并计划强调定制住宅以提升利润率</p>

<p>Shares of KB Home (NYSE: KBH) rose over 1% on Wednesday. The stock has dropped 4% over the past three months. The homebuilder is scheduled to report its earnings results for the fourth quarter of 2025 on Thursday, December 18, after the market closes. Here’s a look at what to expect from the earnings report:</p>
<div class="lb-trans"><p>KB Home（纽约证券交易所代码：KBH）的股价在周三上涨超过 1%。该股票在过去三个月中下跌了 4%。这家房屋建筑商计划于 12 月 18 日市场收盘后公布 2025 年第四季度的财报。以下是对财报的预期：</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cdn.news.alphastreet.com/wp-content/uploads/2025/09/KB-Home-Q3-2025.png" alt="" original-src="https://cdn.news.alphastreet.com/wp-content/uploads/2025/09/KB-Home-Q3-2025.png"/></p>
<h2><strong>Revenue</strong></h2>
<div class="lb-trans"><h2><strong>收入</strong></h2>
</div><p>Analysts are projecting revenue of $1.66 billion for KB Home for the fourth quarter of 2025, which indicates a decline of over 16% from the same period a year ago. In the third quarter of 2025, revenues decreased 7% year-over-year to $1.62 billion.</p>
<div class="lb-trans"><p>分析师预计 KB Home 在 2025 年第四季度的收入为 16.6 亿美元，较去年同期下降超过 16%。在 2025 年第三季度，收入同比下降 7%，为 16.2 亿美元。</p>
</div><h2><strong>Earnings</strong></h2>
<div class="lb-trans"><h2><strong>收益</strong></h2>
</div><p>The consensus estimate for earnings per share in Q4 2025 is $1.79, which points to a decrease of over 28% from the prior-year quarter. In Q3 2025, EPS fell 21% YoY to $1.61.</p>
<div class="lb-trans"><p>2025 年第四季度每股收益的共识预期为 1.79 美元，较去年同期下降超过 28%。在 2025 年第三季度，每股收益同比下降 21%，为 1.61 美元。</p>
</div><p>KB Home Q3 2025 Earnings Infographic</p>
<div class="lb-trans"><p>KB Home 2025 年第三季度收益信息图</p>
</div><h2><strong>Points to note</strong></h2>
<div class="lb-trans"><h2><strong>注意事项</strong></h2>
</div><p>Like its peers, KB Home has been operating in a challenging housing market where inflation and interest rates have stood as barriers to affordability. However a downtick in interest rates has allowed affordability to pick up and this may have aided its performance in the fourth quarter. The company has remained optimistic on the long-term outlook for the housing market.</p>
<div class="lb-trans"><p>与同行一样，KB Home 在一个充满挑战的住房市场中运营，通货膨胀和利率成为了可负担性的问题。然而，利率的下降使得可负担性有所改善，这可能有助于其在第四季度的表现。该公司对住房市场的长期前景保持乐观。</p>
</div><p>KB Home has forecasted housing revenues for the fourth quarter of 2025 to range between $1.6-1.7 billion. Average selling price is estimated to be $465,000-475,000 and housing gross margin is expected to be 18.0-18.4% for the quarter.</p>
<div class="lb-trans"><p>KB Home 预计 2025 年第四季度的住房收入将在 16 亿至 17 亿美元之间。平均售价预计为 465,000 至 475,000 美元，住房毛利率预计为 18.0% 至 18.4%。</p>
</div><p>In Q3, KBH’s net orders declined 4% while homes delivered were down 7%. Average selling price of $475,700 was down slightly YoY. Adjusted housing gross margin dropped to 18.9% from 20.7% last year, reflecting price reductions, higher relative land costs, and geographic mix, partly offset by lower construction costs.</p>
<div class="lb-trans"><p>在第三季度，KBH 的净订单下降了 4%，交付的房屋减少了 7%。平均售价为 475,700 美元，同比略有下降。调整后的住房毛利率从去年的 20.7% 下降至 18.9%，反映了价格下降、相对土地成本上升和地理组合的影响，部分被较低的建筑成本所抵消。</p>
</div><p>KB Home’s built-to-order model, that offers homebuyers customized homes to suit their price range, provides the company with an advantage. The homebuilder also prefers to offer customers a transparent price rather than incentives to drive sales.</p>
<div class="lb-trans"><p>KB Home 的定制建房模式为购房者提供符合其价格范围的定制房屋，给公司带来了优势。这家房屋建筑商更倾向于提供透明的价格，而不是通过激励措施来推动销售。</p>
</div><p>On its Q3 earnings call, KBH mentioned that it plans to emphasize built-to-order homes in its sales approach in Q4 and that its goal is to return to a range of 70% built-to-order homes. An increase in the built-to-order mix is expected to boost gross margin expansion as these homes generate substantially higher margins than inventory homes.</p>
<div class="lb-trans"><p>在其第三季度的财报电话会议上，KBH 提到计划在第四季度强调定制建房，并且目标是将定制建房的比例恢复到 70%。预计定制建房的比例增加将推动毛利率的扩张，因为这些房屋的毛利率显著高于库存房屋。</p>
</div><p>The post Earnings Preview: KB Home (KBH) anticipated to see a drop in revenue and earnings for Q4 2025 first appeared on AlphaStreet.</p>
<div class="lb-trans"><p>关于 2025 年第四季度 KB Home（KBH）预计收入和收益下降的财报预览首次出现在 AlphaStreet 上。</p>
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收益预览：预计 KB Home（KBH）在 2025 年第四季度的收入和盈利将会下降