KB Home (KBH) was a big mover last session, as the company saw its shares rise by nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $16.47 to $17.87 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of two increases and three decreases over the past 30 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
KB Home currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Better-ranked homebuilding companies include Meritage Homes Corporation (MTH) and M/I Homes, Inc. (MHO) carrying a Zacks Rank #2 (Buy). Another company in the broader construction sector is CaesarStone Sdot-Yam Ltd. (CSTE) sporting a Zacks Rank #1 (Strong Buy).
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