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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 2017 earnings estimate for LEN has moved down in the past 30 days. Meanwhile, LEN has been posting positive earnings surprise for the past four quarters in a row, with an average surprise of 11.55%.
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 $1.01 per share, and the company reported adjusted EPS of $1.06 instead.
Revenues: LEN reported revenues of $3.26 billion. This surpassed our consensus estimate of $3.22 billion.
Key Stats to Note: New Order units increased 8% in the quarter.
Check back later for our full write up on this LEN earnings report later.
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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Lennar (LEN) Beats on Q3 Earnings & 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 2017 earnings estimate for LEN has moved down in the past 30 days. Meanwhile, LEN has been posting positive earnings surprise for the past four quarters in a row, with an average surprise of 11.55%.
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 (Strong Buy) stocks here.
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 $1.01 per share, and the company reported adjusted EPS of $1.06 instead.
Lennar Corporation Price and EPS Surprise
Lennar Corporation Price and EPS Surprise | Lennar Corporation Quote
Revenues: LEN reported revenues of $3.26 billion. This surpassed our consensus estimate of $3.22 billion.
Key Stats to Note: New Order units increased 8% in the quarter.
Check back later for our full write up on this LEN earnings report later.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>