Analysts on Wall Street project that Lennar (LEN) will announce quarterly earnings of $3.62 per share in its forthcoming report, representing a decline of 7.4% year over year. Revenues are projected to reach $9.29 billion, increasing 6.4% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings annou ...

Brett_HondowThe housing market has been surprisingly strong in this interest rate cycle. The strong demand for new homes coupled with a chronic supply shortage has paved the way for homebuilders to enjoy robust sales growth, healthy margins, and improved profitability. Leading U.S. homebuilders have been the biggest winners in this cycle. Although I invested in a few homebuilders back in 2020 during the Covid crash, I distanced myself from this industry last year as I thought growth would be limited. A ...

Lennar (LEN) closed the latest trading day at $180.23, indicating a +0.02% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.45%. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq added 0.84%.Shares of the homebuilder have appreciated by 7.3% over the course of the past month, outperforming the Construction sector's gain of 1.61% and the S&P 500's gain of 2.54%.The upcoming earnings release of Lennar will be of great interest to investors. The ...

jetcityimage Introduction Lennar (NYSE:LEN) has significantly outperformed the iShares U.S. Consumer Discretionary ETF (IYC) so far in 2024, delivering a circa 23% total return against the ~ 11% gain for the benchmark ETF: LEN vs IYC in 2024 (Seeking Alpha) I think the company has further upside, driven on the one hand by a sector-wide tailwind which will come from lower mortgage rates as the Fed normalizes policy, but also by an undemanding ~13x P/E multiple and a net cash position that provide a significa ...

Interest rates could soon fall. And these two Buffett stocks could soon fly even higher.Warren Buffett hasn't fared too badly since the Federal Reserve began raising interest rates in March 2022. Shares of Berkshire Hathaway are up more than the S&P 500 during the higher-rate environment. However, Buffett is probably hoping for lower rates as many investors are. Some of the stocks in his Berkshire Hathaway portfolio could especially benefit from a positive move by the Federal Reserve. Here are two Buffett s ...

Lennar (LEN) closed at $174 in the latest trading session, marking a -0.84% move from the prior day. This move lagged the S&P 500's daily loss of 0.2%. Meanwhile, the Dow experienced a drop of 0.15%, and the technology-dominated Nasdaq saw a decrease of 0.34%.The homebuilder's shares have seen an increase of 1.72% over the last month, not keeping up with the Construction sector's gain of 2.3% and the S&P 500's gain of 1.93%.The investment community will be paying close attention to the earnings performance ...

Lennar (LEN) closed at $170.37 in the latest trading session, marking a +1.45% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.69% for the day. Meanwhile, the Dow experienced a rise of 1.04%, and the technology-dominated Nasdaq saw an increase of 2.43%.Heading into today, shares of the homebuilder had gained 5.5% over the past month, outpacing the Construction sector's gain of 0.68% and the S&P 500's loss of 4.78% in that time.Analysts and investors alike will be k ...

268-home luxury community creates ideal connectivity throughout Phoenix Metro PHOENIX, July 30, 2024 /PRNewswire/ -- Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, today announced the start of leasing at Harwood, a luxury community ideally located in North Phoenix. Harwood includes 268 upscale apartment homes that offer the ultimate in comfort and convenience. Its spacious, well-appointed homes feature top ...

The latest trading session saw Lennar (LEN) ending at $178.18, denoting a +0.83% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.12%, and the technology-dominated Nasdaq saw an increase of 0.07%.The homebuilder's stock has climbed by 17.91% in the past month, exceeding the Construction sector's gain of 10.96% and the S&P 500's loss of 0.21%.The investment community will be closely monitoring the perf ...

Investment Rating - The report does not provide a specific investment rating for the company [2][3] Core Views - The company expects to deliver 20,500-21,000 units in FY2024Q3, representing a year-over-year growth of 10-13% [1] - The company's FY2024 full-year delivery target remains at 80,000 units, with stable profit margins [1] - The company has strong financial strength, is in a net cash position, and actively returns value to shareholders through buybacks and dividends [1] - The company's performance is sensitive to potential US interest rate cuts, which could enhance stock price elasticity [1] Financial Performance - In FY2024Q2, the company reported revenue of $8.766 billion, a 9.0% year-over-year increase, and net income attributable to shareholders of $954 million, a 9.5% year-over-year increase [3][5] - The company's home sales revenue accounted for 95.6% of total revenue in FY2024Q2, reaching $8.381 billion [3][5] - The company delivered 19,690 homes in FY2024Q2, with an average delivery price of $426,000, representing a 15% increase in volume and a 9% increase in value year-over-year [6] - The company sold 21,293 homes in FY2024Q2, with an average selling price of $432,000, representing a 19% increase in volume and a 13% increase in value year-over-year [6] Profitability and Margins - The company's gross margin for home sales in FY2024Q2 was 22.6%, with a net margin of 15.1% [7] - The company expects its gross margin to remain around 23% in FY2024Q3 [7] Shareholder Returns - The company has a strong cash position, with $3.6 billion in cash and $2.2 billion in interest-bearing debt as of FY2024Q2 [8] - In FY2024Q2, the company repurchased 3.8 million shares for $603 million and paid a dividend of $0.5 per share [8] - The company has authorized a $5 billion share repurchase program, with $1.109 billion already repurchased in Q1 and Q2 of FY2024 [8] Historical Financials - From FY2020 to FY2023, the company's revenue grew from $22.489 billion to $34.233 billion, with a compound annual growth rate (CAGR) of 11.1% [4] - The company's net income attributable to shareholders fluctuated during this period, peaking at $4.614 billion in FY2022 before declining to $3.939 billion in FY2023 [4] - The company's return on equity (ROE) was 15.5% in FY2023, down from a peak of 22.8% in FY2021 [4]