Compared to Estimates, Lennar (LEN) Q3 Earnings: A Look at Key Metrics

Core Insights - Lennar reported $8.81 billion in revenue for the quarter ended August 2025, a year-over-year decline of 6.4% and an EPS of $2.00 compared to $3.90 a year ago, missing the Zacks Consensus Estimate of $9.04 billion by 2.49% [1] - Key financial metrics indicate mixed performance, with some areas showing growth while others declined, impacting overall financial health [2] Financial Performance - Revenue from Homebuilding was $8.25 billion, below the estimated $8.63 billion, reflecting an 8.8% year-over-year decline [4] - Revenue from Financial Services was $314.2 million, exceeding the estimate of $285.03 million, marking a 15% increase year-over-year [4] - Multifamily revenue reached $228.47 million, significantly surpassing the estimate of $120.27 million, representing a 144.5% increase year-over-year [4] Deliveries and Orders - Total deliveries of homes were 21,584, slightly below the estimate of 22,546 [4] - New orders for homes totaled 23,004, exceeding the estimate of 22,504 [4] - Backlog of homes stood at 16,953, higher than the average estimate of 15,522 [4] Market Performance - Shares of Lennar returned +2% over the past month, compared to the Zacks S&P 500 composite's +2.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]