We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lennar Corporation (LEN - Free Report) is one of the leading homebuilders in the U.S. With overall housing market recovering at a slow but steady pace, Lennar’s order trends have been improving at a consistent pace.
Lennar is performing well on the back of its diverse revenue mix, large land supply, above average order growth and better pricing power. Moreover, Lennar’s ancillary platforms — Rialto, Multi-Family, FivePoint and Financial Services — are evolving and are expected to contribute meaningfully in the near future.
Investors should also note that the earnings estimate for LEN has remained stable in the past 30 days. Again, LEN has been posting positive earnings surprise for the past four quarters in a row, with an average surprise of 14.98%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: LEN beat on earnings. Our consensus earnings estimate called for EPS of 88 cents share, and the company reported EPS of $1.01 instead. Investors should note that these figures take out stock option expenses.
Revenues: LEN reported revenues of $2.833 billion. This surpassed our consensus estimate of $2.663 billion.
Key Stats to Note: Order units increased 7.3% in the quarter.
Stock Price: Shares stayed inactive during pre-market trading.
Check back later for our full write up on this LEN earnings report later.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Lennar (LEN) Beats on Q3 Earnings and Revenues
Lennar Corporation (LEN - Free Report) is one of the leading homebuilders in the U.S. With overall housing market recovering at a slow but steady pace, Lennar’s order trends have been improving at a consistent pace.
Lennar is performing well on the back of its diverse revenue mix, large land supply, above average order growth and better pricing power. Moreover, Lennar’s ancillary platforms — Rialto, Multi-Family, FivePoint and Financial Services — are evolving and are expected to contribute meaningfully in the near future.
Investors should also note that the earnings estimate for LEN has remained stable in the past 30 days. Again, LEN has been posting positive earnings surprise for the past four quarters in a row, with an average surprise of 14.98%.
Currently, LEN has a Zacks Rank #3 (Hold), but that could definitely change following its earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
Price and EPS Surprise
Price and EPS Surprise | Quote
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: LEN beat on earnings. Our consensus earnings estimate called for EPS of 88 cents share, and the company reported EPS of $1.01 instead. Investors should note that these figures take out stock option expenses.
Revenues: LEN reported revenues of $2.833 billion. This surpassed our consensus estimate of $2.663 billion.
Key Stats to Note: Order units increased 7.3% in the quarter.
Stock Price: Shares stayed inactive during pre-market trading.
Check back later for our full write up on this LEN earnings report later.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>