Lennar NYSE: LEN shares fell 5% to a multi-month low after setting tepid guidance for Q2. However, the move is overblown in light of the guidance, full-year outlook, cash flow, and robust capital return. The market could move lower before it moves higher, but a rebound is expected soon and will likely take the market to a new high.Get Lennar alerts:Lennar Builds More Than Homes, It Builds ValueLennar TodayLENLennar$148.72 -7.79 (-4.98%) 52-Week Range$102.90▼$172.59Dividend Yield1.34%P/E Ratio10.11Price Targ ...

Resilient demand stemming from a post-pandemic home shortage has fueled the strong stock performance of many homebuilders in recent years with Lennar Corporation (LEN)  standing out among the pack.Although Lennar exceeded its fiscal second quarter top and bottom-line expectations after-market hours on Monday, its stock fell -5% in today’s trading session which may coincide with profit-taking amid weaker-than-expected EPS guidance. That said, let’s see if the post-earnings dip is a buying opportunity with Le ...

jetcityimage Introduction It's time to talk about home builders - one home builder in particular. The Lennar Corporation (NYSE:LEN) is America's second-largest home builder and one of the best-performing S&P 500 (SP500) stocks over the past five years. Going back to 2019, LEN shares have more than tripled, outperforming the S&P 500 by more than 100 points. Data by YCharts This surge was supported by massive housing shortages. Even elevated rates could not keep home builders from flying, which was simply ...

Lennar Corporation (NYSE:LEN) Q2 2024 Earnings Conference Call June 18, 2024 11:00 AM ET Company Participants David Collins - Vice President and Controller Stuart Miller - Executive Chairman and Co-Chief Executive Officer Jon Jaffe - Co-Chief Executive Officer and President Diane Bessette - Chief Financial Officer Bruce Gross - Chief Executive Officer of Lennar Financial Services Conference Call Participants Stephen Kim - Evercore ISI Carl Reichardt - BTIG Susan Maklari - Goldman Sachs Alan Ratner - Zelman ...

Lennar (LEN) stock is lower Tuesday after the homebuilder beat analysts' expectations for its fiscal second-quarter results but issued a soft deliveries outlook for its fiscal third quarter.In the three months ended May 31, Lennar's revenue increased 9% year-over-year to $8.8 billion. The boost in sales was driven by a 15% jump in deliveries to 19,690 homes, while new orders were up 19% to 21,293 homes. Lennar also said earnings per share (EPS) rose 14.6% from the year-ago period to $3.45.Subscribe to Kipli ...

Lennar Corporation (LEN) reported second-quarter fiscal 2024 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate. On a year-over-year basis, both the top and bottom lines increased, given the company’s emphasis on maintaining a steady production rate to drive sales momentum. Lennar strategically utilized pricing, incentives, marketing expenditure and dynamic pricing insights to ensure steady sales volume despite fluctuations in interest rates.However, the company’s shares plung ...

The homebuilder said home deliveries in Q3 could come in below estimatesShares of homebuilder Lennar Corp (NYSE:LEN) are down 2.2% at $153.10, despite the company beating fiscal second-quarter earnings and revenue estimates. Lennar reported year-over-year increases in home deliveries and new orders, but expects the former to fall below analysts' expectations in the third quarter.LEN is continuing to distance itself from its March 28, record high of $172.59. The security still has support in place at its 160 ...

Loading...Loading...U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Tuesday.Shares of NextEra Energy, Inc. NEE fell sharply in today's pre-market trading after the company announced plans to sell equity units.After the market close on Monday, NextEra Energy announced that it intends to sell $2 billion of equity units consisting of a contract to purchase NextEra Energy common stock and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings ...

Key TakeawaysLennar shares dropped in extended trading on Monday after the homebuilder issued a lower-than-expected forecast for home deliveries in the current quarter.The company forecasts current-quarter home deliveries of between 20,500 and 21,000, with the 20,750 midpoint below analysts’ consensus view of 20,917 units.The company topped analysts' fiscal second quarter earnings and revenue estimates as purchasers remained responsive to increased sales incentives.Lennar shares may find buying interest aro ...

Lennar (LEN) reported $8.77 billion in revenue for the quarter ended May 2024, representing a year-over-year increase of 9%. EPS of $3.38 for the same period compares to $2.94 a year ago.The reported revenue represents a surprise of +2.23% over the Zacks Consensus Estimate of $8.57 billion. With the consensus EPS estimate being $3.20, the EPS surprise was +5.63%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectation ...