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KB Home sign
KB Home sign (Mario Tama/Getty Images)

KB Home shares sink after a Q1 earnings miss and chilly start to spring home-buying season

The home builder missed earnings per share and sales estimates as would-be buyers got cold feet.

3/25/25 8:13AM

KB Home shares crumbled over 7% in premarket trading Tuesday after the home builder missed Q1 earnings expectations and dialed back its full-year outlook. 

The company reported diluted earnings of $1.49 per share, falling short of Wall Street’s $1.39 forecast, while revenue slipped to $1.39 billion — well below the expected $1.5 billion.

CEO Jeffrey Mezger pointed to economic uncertainty and affordability concerns as key factors cooling buyer confidence. “Demand at the start of this spring’s selling season was more muted than what we have seen historically, despite a healthy level of traffic in our communities,” he said. Spring is typically the hottest time for home sales, making the slowdown all the more concerning.

Feeling the chill, KB Home trimmed its full-year guidance, now expecting housing revenue between $6.6 billion and $7 billion, down from its prior $7 billion to $7.5 billion range. Net home orders also sank 17% year over year to 2,772, leading the company to curb its average selling price expectations and tighten its margin forecast.

Before today’s open, shares of the home builder had fallen about 10% over the past year.

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Rocket lab soars to new record close amid rally for retail faves

Rocket Lab ripped by roughly 10% Friday to close at a new all-time high, riding an upturn of retail enthusiasm for a coterie of tech-themed favorites, even as the broader market was more or less flat on the day.

Goldman Sachs’ basket of “retail favorites” — its heaviest weights are Reddit, AppLovin, and Tempus AI — was the second-biggest gainer among the company’s flagship US equity baskets on Friday, rising about 1.6%. The S&P was almost dead flat.

It’s not Rocket Lab’s first retail rodeo, as the money-losing company has more than doubled this year and is up nearly 700% over the last 12 months.

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Six Flags pops after reiterating its guidance as theme park attendance rebounds

Six Flags shares rose more than 7% today after the company reported a rebound in attendance and early season pass sales heading into the fall. The nine-week period ended August 31 saw 17.8 million guests, up about 2% from the same stretch last year, with stronger momentum in the final four weeks. 

More importantly, Six Flags reaffirmed its full-year adjusted EBITDA guidance of $860 million to $910 million, showing confidence that its cost and operations strategy can stay strong for the duration of the year. Riding that wave, Six Flags also said early 2026 season pass unit sales are pacing ahead of last year, and average season pass prices are up about 3%.

The good vibes come despite a drop in in-park per-capita spending, especially from admissions, where promotions and changes to attendance mix (which parks or days guests visit) have weighed. Earlier this week, the amusement giant signed a new agreement that extended its position as the exclusive amusement park partner for Peanuts™ in North America through 2030.

Despite the rally, Six Flags shares are down about 52% year to date.

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Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’sbig, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

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