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Lennar (LEN)

(Delayed Data from NYSE)

$169.66 USD

-0.64 (-0.38%)

Updated Nov 1, 2024 04:00 PM ET

After-Market: $169.67 +0.01 (0.01%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank	Definition	Annualized Return
1	Strong Buy	24.10%
2	Buy	17.80%
3	Hold	9.50%
4	Sell	2.70%
5	Strong Sell	2.70%
S&P	500	11.20%

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3-Hold of 5 3

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score	A
Growth Score	A
Momentum Score	A
VGM Score	A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

B Value C Growth C Momentum B VGM

Industry Rank:

Top 23% (58 out of 250)

Industry: Building Products - Home Builders

View All Zacks #1 Ranked Stocks

Better trading starts here.

Research for LEN

Annual Key Company Metrics
Quarterly Key Company Metrics

Revenue - Line of Business Segments	YR Estimate	11/30/2023	11/30/2022	11/30/2021	11/30/2020	11/30/2019
Revenue: Homebuilding: Sales of h...		32,459	31,779	25,348	20,840	20,560
Revenue: Homebuilding: Sales of l...		110	143	168	123	204
Revenue: Homebuilding: Other home...		39	40	43	26	149
Revenue: Homebuilding [$M]		32,661	31,951	25,545	20,981	20,793
Revenue: Financial Services [$M]		977	810	899	890	825
Revenue: Multifamily [$M]		573	866	665	576	605
Revenue: Lennar Other [$M]		22	44	21	41	37
Income - Line of Business	YR Estimate	11/30/2023	11/30/2022	11/30/2021	11/30/2020	11/30/2019
Homebuilding operating earnings [...		5,528	6,777	5,032	2,989	2,503
Financial Services operating earn...		509	383	491	481	225
Multifamily operating earnings [$...		-51	69	21	23	16
Lennar Other operating earnings (...		-210	-735	733	-10	31
Expenses - Line of Business	YR Estimate	11/30/2023	11/30/2022	11/30/2021	11/30/2020	11/30/2019
Homebuilding costs and expenses: ...		24,900	23,025	18,562	16,092	16,324
Homebuilding costs and expenses: ...		92	172	144	172	207
NFM - Operating & Non Financial Metrics	YR Estimate	11/30/2023	11/30/2022	11/30/2021	11/30/2020	11/30/2019
Active Communities - East [#]		337	316	345	323	428
Active Communities - Central [#]		291	313	302	285	255
Active Communities - West [#]		384	341	372	353	359
Active Communities - Other [#]		2	3	3	3	3
Active Communities - Texas [#]		246	235	241	213	238
Deliveries - Homes - Texas [#]		16,591	12,993	10,939	9,425	8,193
Deliveries - Dollar Value - Texas...		4,693	4,212	3,205	2,641	2,526
Deliveries - Average sales price ...		283	324	293	280	308
New Orders - Homes - Texas [#]		15,789	11,424	12,382	10,078	8,215
New Orders - Dollar Value - Texas...		4,332	3,596	3,833	2,752	2,479
New Orders - Average sales price ...		274	315	310	273	302
Backlog - Dollar Value - Texas [$...		476	837	1,453	825	713
Cancellation rate [%]	--	--	--	10	15	16
Backlog - Dollar Value - Other [$...		2	1	4	2	8
Backlog - Dollar Value - West [$M...		2,072	2,226	4,135	2,913	2,308
New orders - Homes - East [#]		20,884	21,649	20,566	17,299	20,718
New orders - Homes - Central [#]		13,204	12,020	12,871	11,905	7,098
New orders - Homes - West [#]		19,199	15,990	18,703	16,868	15,335
New orders - Homes - Other [#]		35	22	21	19	73
Deliveries - Homes - Other [#]		33	25	19	26	70
Deliveries - Homes - West [#]		19,388	19,015	17,850	15,814	15,178
Deliveries - Homes - Central [#]		14,461	13,152	12,138	10,684	7,071
Deliveries - Homes - East [#]		22,614	21,214	18,879	16,976	20,979
Deliveries - Dollar Value - Total...		32,615	31,846	25,380	20,876	20,596
Deliveries - Dollar Value - Other...		23	21	18	25	67
Deliveries - Dollar Value - West ...		12,052	12,513	10,503	8,401	8,204
Deliveries - Dollar Value - Centr...		6,128	5,831	4,807	4,085	2,719
Deliveries - Dollar Value - East ...		9,719	9,269	6,846	5,725	7,080
Deliveries - Average sales price ...		430	437	363	337	337
Deliveries - Average sales price ...		424	443	396	382	385
Deliveries - Average sales price ...		622	658	588	531	541
Deliveries - Average sales price ...		704	855	969	943	963
New orders - Average sales price ...		420	440	385	347	338
New orders - Average sales price ...		416	445	417	387	387
New orders - Average sales price ...		620	663	627	534	523
New orders - Average sales price ...		674	846	977	943	916
New orders - Dollar Value - Total...		30,509	29,087	28,853	22,389	20,324
New orders - Dollar Value - East ...		8,761	9,516	7,908	6,010	7,002
New orders - Dollar Value - Centr...		5,494	5,352	5,366	4,603	2,750
New orders - Dollar Value - West ...		11,898	10,605	11,725	9,006	8,025
New orders - Dollar Value - Other...		24	19	21	18	67
Backlog - Homes [#]		14,892	18,869	23,771	18,821	15,577
Backlog - Average sales price - T...		445	463	478	415	404
Backlog - Dollar Value - Total [$...		6,634	8,741	11,362	7,813	6,301
New orders - Homes [#]		69,111	61,105	64,543	56,169	51,439
New orders - Average sales price ...		441	476	447	399	395
Deliveries - Homes [#]		73,087	66,399	59,825	52,925	51,491
Deliveries - Average sales price ...		446	480	424	394	400
Active Communities - Total [#]		1,260	1,208	1,263	1,177	1,283
Backlog - Homes - East [#]		6,975	8,706	7,932	6,013	6,827
Backlog - Homes - Central [#]		2,768	4,025	5,104	4,371	2,013
Backlog - Homes - Texas [#]		1,895	2,697	4,266	2,823	2,170
Backlog - Homes - West [#]		3,251	3,440	6,465	5,612	4,558
Backlog - Homes - Other [#]		3	1	4	2	9
Backlog - Average sales price - E...		410	439	435	384	359
Backlog - Average sales price - C...		441	461	455	403	408
Backlog - Average sales price - T...		251	310	341	292	329
Backlog - Average sales price - W...		637	647	640	519	506
Backlog - Average sales price - O...		509	1,164	986	924	939
Backlog - Dollar Value - East [$M...		2,862	3,821	3,449	2,311	2,448
Backlog - Dollar Value - Central ...		1,222	1,855	2,321	1,762	822

Revenue - Line of Business Segments	Qtr Estimate	08/31/2024	05/31/2024	02/29/2024	11/30/2023	08/31/2023
Revenue: Homebuilding: Sales of h...		9,018	8,358	6,902	10,443	8,286
Revenue: Homebuilding: Sales of l...		19	14	21	64	20
Revenue: Homebuilding: Other home...		6	9	10	--	10
Revenue: Homebuilding [$M]		9,046	8,381	6,931	10,516	8,319
Revenue: Financial Services [$M]		273	282	250	--	266
Revenue: Multifamily [$M]		93	100	130	141	137
Revenue: Lennar Other [$M]		4	3	3	7	7
Income - Line of Business	Qtr Estimate	08/31/2024	05/31/2024	02/29/2024	11/30/2023	08/31/2023
Homebuilding operating earnings [...		1,478	1,340	1,029	1,913	1,494
Financial Services operating earn...		144	147	131	169	149
Multifamily operating earnings [$...		79	-20	-16	-12	-9
Lennar Other operating earnings (...		20	-29	-40	-125	-26
Expenses - Line of Business	Qtr Estimate	08/31/2024	05/31/2024	02/29/2024	11/30/2023	08/31/2023
Homebuilding costs and expenses: ...		6,990	6,470	5,396	7,920	6,262
Homebuilding costs and expenses: ...		23	7	14	39	19
NFM - Operating & Non Financial Metrics	Qtr Estimate	08/31/2024	05/31/2024	02/29/2024	11/30/2023	08/31/2023
Active Communities - East [#]		315	309	304	337	362
Active Communities - Central [#]		343	332	320	291	277
Active Communities - West [#]		378	363	368	384	375
Active Communities - Other [#]		2	2	2	2	4
Active Communities - Texas [#]		245	239	233	246	235
Deliveries - Homes - Texas [#]		5,067	4,669	4,263	5,160	4,102
Deliveries - Dollar Value - Texas...		1,284	1,195	1,070	1,364	1,175
Deliveries - Average sales price ...		253	256	251	264	286
New Orders - Homes - Texas [#]		5,217	5,213	4,431	4,185	4,730
New Orders - Dollar Value - Texas...		1,308	1,332	1,120	1,070	1,302
New Orders - Average sales price ...		251	256	253	256	275
Backlog - Dollar Value - Texas [$...		694	664	526	476	769
Cancellation rate [%]		14	13	14	--	13
Backlog - Dollar Value - Other [$...		3	4	4	2	3
Backlog - Dollar Value - West [$M...		2,753	2,962	2,547	2,072	3,311
New orders - Homes - East [#]		4,888	5,000	4,526	5,344	5,779
New orders - Homes - Central [#]		5,158	5,332	4,274	3,278	4,003
New orders - Homes - West [#]		5,317	5,735	4,927	4,549	5,140
New orders - Homes - Other [#]		7	13	18	10	14
Deliveries - Homes - Other [#]		6	12	13	14	9
Deliveries - Homes - West [#]		5,663	5,292	4,238	6,145	5,036
Deliveries - Homes - Central [#]		5,301	4,188	3,560	5,134	3,807
Deliveries - Homes - East [#]		5,479	5,529	4,724	7,342	5,605
Deliveries - Dollar Value - Total...		9,067	8,393	6,945	10,504	8,318
Deliveries - Dollar Value - Other...		3	6	7	8	6
Deliveries - Dollar Value - West ...		3,470	3,264	2,521	3,976	3,109
Deliveries - Dollar Value - Centr...		2,139	1,706	1,396	2,105	1,599
Deliveries - Dollar Value - East ...		2,171	2,222	1,951	3,050	2,430
Deliveries - Average sales price ...		396	402	413	415	434
Deliveries - Average sales price ...		403	407	392	410	420
Deliveries - Average sales price ...		613	617	595	647	617
Deliveries - Average sales price ...		538	529	524	601	695
New orders - Average sales price ...		402	407	419	403	415
New orders - Average sales price ...		394	402	402	401	417
New orders - Average sales price ...		612	642	608	602	635
New orders - Average sales price ...		349	438	529	649	563
New orders - Dollar Value - Total...		8,562	9,195	7,742	7,284	8,640
New orders - Dollar Value - East ...		1,967	2,033	1,898	2,154	2,398
New orders - Dollar Value - Centr...		2,031	2,144	1,719	1,315	1,670
New orders - Dollar Value - West ...		3,255	3,679	2,996	2,738	3,261
New orders - Dollar Value - Other...		2	6	10	6	8
Backlog - Homes [#]		16,944	17,873	16,270	14,892	21,321
Backlog - Average sales price - T...		457	461	457	445	462
Backlog - Dollar Value - Total [$...		7,748	8,233	7,432	6,634	9,854
New orders - Homes [#]		20,587	21,293	18,176	17,366	19,666
New orders - Average sales price ...		416	432	426	419	439
Deliveries - Homes [#]		21,516	19,690	16,798	23,795	18,559
Deliveries - Average sales price ...		422	426	413	441	448
Active Communities - Total [#]		1,283	1,245	1,227	1,260	1,253
Backlog - Homes - East [#]		5,262	5,853	6,382	6,975	8,973
Backlog - Homes - Central [#]		4,878	5,021	3,877	2,768	4,624
Backlog - Homes - Texas [#]		2,757	2,607	2,063	1,895	2,870
Backlog - Homes - West [#]		4,037	4,383	3,940	3,251	4,847
Backlog - Homes - Other [#]		10	9	8	3	7
Backlog - Average sales price - E...		431	422	416	410	419
Backlog - Average sales price - C...		416	426	438	441	435
Backlog - Average sales price - T...		252	255	255	251	268
Backlog - Average sales price - W...		682	676	646	637	683
Backlog - Average sales price - O...		280	398	530	509	492
Backlog - Dollar Value - East [$M...		2,269	2,467	2,656	2,862	3,758
Backlog - Dollar Value - Central ...		2,028	2,137	1,699	1,222	2,012

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