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Here is What to Know Beyond Why Lennar Corporation (LEN) is a Trending Stock
LennarLennar(US:LEN) Zacks Investment Research·2024-01-23 15:01

Core Viewpoint - Lennar has shown a strong stock performance recently, outperforming both the S&P 500 and its industry peers, raising questions about its future stock trajectory [1] Earnings Estimate Revisions - The consensus earnings estimate for Lennar is $2.21 per share for the current quarter, reflecting a year-over-year increase of +4.3% [3] - The fiscal year earnings estimate stands at $14.36, indicating a +0.8% change year-over-year, while the next fiscal year's estimate is $15.92, showing a +10.9% increase [3] - The Zacks Rank for Lennar is 3 (Hold), based on recent changes in earnings estimates and other related factors [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $7.45 billion, representing a year-over-year increase of +14.7% [5] - For the current fiscal year, the revenue estimate is $36.09 billion (+5.4%), and for the next fiscal year, it is $38.23 billion (+5.9%) [5] Last Reported Results and Surprise History - In the last reported quarter, Lennar achieved revenues of $10.97 billion, a +7.8% increase year-over-year, and an EPS of $5.17 compared to $5.02 a year ago [6] - The company exceeded the Zacks Consensus Estimate for revenues by +6.09% and for EPS by +11.42% [6] - Lennar has consistently beaten consensus EPS and revenue estimates in the past four quarters [7] Valuation - Lennar's valuation metrics, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), are essential for assessing its stock price relative to its intrinsic value and growth prospects [8] - The Zacks Value Style Score for Lennar is graded B, indicating it is trading at a discount compared to its peers [9]