Lennar Corp (NYSE: LEN) is trading down in extended hours on Wednesday after reporting lower-than-expected revenue for its first financial quarter.Lennar’s guidance for its fiscal second quarterCopy link to sectionInvestors are concerned because the guidance did not particularly impress either. $LEN now expects to deliver up to 19,500 homes in the second quarter. New orders, it added, will fall between 20,900 and 21,300 in Q2. Stuart Miller – the co-chief executive of Lennar Corp said in a press release tod ...

Exhibit 99.1 Contact: Ian Frazer Investor Relations Lennar Corporation (305) 485-4129 FOR IMMEDIATE RELEASE Lennar Reports First Quarter 2024 Results First Quarter 2024 Highlights - comparisons to the prior year quarter • Net earnings per diluted share increased 25% to $2.57 • Net earnings increased 21% to $719 million • New orders increased 28% to 18,176 homes; new orders dollar value increased 21% to $7.7 billion • Backlog of 16,270 homes with a dollar value of $7.4 billion • Deliveries increased 23% to 1 ...

Have you been paying attention to shares of Lennar (LEN) ? Shares have been on the move with the stock up 3% over the past month. The stock hit a new 52-week high of $158.83 in the previous session. Lennar has gained 6.4% since the start of the year compared to the 9.1% move for the Zacks Construction sector and the 4.8% return for the Zacks Building Products - Home Builders industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnin ...

MIAMI, Feb. 29, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the first quarter ended February 29, 2024 after the market closes on March 13, 2024. Additionally, the Company will hold a conference call on March 14, 2024 at 11:00 a.m. Eastern Time. The call will be broadcast live on the Internet and can be accessed through Lennar's website at investors.lennar.com. If you are unable to particip ...

Lennar (LEN) ended the recent trading session at $154.13, demonstrating a -0.61% swing from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.38%. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, lost 0.13%.Heading into today, shares of the homebuilder had gained 4.52% over the past month, lagging the Construction sector's gain of 8.53% and the S&P 500's gain of 4.74% in that time.The upcoming earnings release of Lennar will be of great interest to investors ...

Lennar (LEN) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this homebuilder have returned +4.7% over the past month versus the Zacks S&P 500 composite's +3.1% change. The Zacks Building Products - Home Builders industry, to which Lennar belongs, has lost 1.3% over this period. Now the key question is: Where could the stock be headed in the near term?Alt ...

In the latest trading session, Lennar (LEN) closed at $150.99, marking a +0.51% move from the previous day. This change outpaced the S&P 500's 0.6% loss on the day. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq lost 0.92%.The homebuilder's shares have seen a decrease of 3.25% over the last month, not keeping up with the Construction sector's gain of 4.17% and the S&P 500's gain of 3.56%.The investment community will be closely monitoring the performance of Lennar in its forthcoming earnings rep ...

Among the best stocks to buy and watch, Dow Jones chemicals giant Dow Inc. (DOW) and Birkenstock (BIRK), along with top homebuilders Lennar (LEN) and Toll Brothers (TOL), are stocks in or near buy zones on the stock market today. X Dow: A Dow Jones Stock To Watch Among the best stocks in the Dow… ...

During the week of February 12-16, we talked about three stocks to watch, Deere & Co (NYSE:DE), Coca Cola (NYSE:KO) and Airbnb (NASDAQ:ABNB), to gain insights into broader market trends and potentially benefit. As the earnings season peaks, we explore three stocks to buy this week, and we explain the reasons behind it. The relatively heavy economic data published last week, including the U.S. CPI and Retail Sales figures, has added market volatility. It also seemed that the U.S. economy would avoid a recess ...

The latest trading session saw Lennar (LEN) ending at $153.87, denoting a +1.44% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.96%. Meanwhile, the Dow gained 0.4%, and the Nasdaq, a tech-heavy index, added 1.3%.The the stock of homebuilder has risen by 0.78% in the past month, lagging the Construction sector's gain of 2.67% and the S&P 500's gain of 3.69%.The investment community will be closely monitoring the performance of Lennar in its forthcoming ea ...