KB Home Q2 Earnings Beat Estimates, Simulations Plus and Uber Get Bullish View
- June 21st, 2023
- 429 views
KB Home (NYSE: KBH) has released its second-quarter earnings for 2023, exceeding market expectations. The company reported earnings per share (EPS) of $1.94, surpassing the consensus estimate of $1.33 for the period.
Looking ahead, KB Home has revised its guidance for housing revenues for the full year 2023. The new guidance range is set between $5.80 billion to $6.20 billion, up from the previous range of $5.20 billion to $5.90 billion.
In after-hours, $KBH was trading at $52.11, showing a modest increase of $0.10 or 0.19%.
Oppenheimer maintained its Outperform rating on Simulations Plus, Inc. (Nasdaq: SLP), a leading provider of simulation and modeling software for the pharmaceutical and biotechnology industries, and raised the price target from $65 to $67.
With $SLP closing at $47.77 on Wednesday, the revised price target suggests a potential upside of $19.23 or 40.27%, according to the investment management firm's analysis.
Oppenheimer also maintained its Outperform rating on Uber Technologies, Inc. (NYSE: UBER), a prominent ride-hailing and food delivery company, and raised the price target from $55 to $65.
Based on Wednesday's closing price of $42.66, the revised price target implies a potential upside of $22.34 or 52.39% for $UBER, as per Oppenheimer's view
Please note that the potential upsides mentioned above are derived from Oppenheimer's perspectives and analysis of the respective companies. It is essential for investors to conduct their own research and analysis to make informed investment decisions.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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