Key Takeaways Lennar's earnings estimates fell again after its Q3 report, earning it a Zacks Rank #5 (Strong Sell).LEN's EPS estimates for FY25 and FY26 have tanked nearly 50% over the past year. Lennar Corporation (LEN)  stock has dropped around 7% since its latest disappointing earnings release on September 18.The recent negative earnings revisions, which landed the U.S. homebuilding giant a Zacks Rank #5 (Strong Sell), extend a prolonged downward trend as Lennar struggles to navigate the slowing housing ...

SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that it will host a conference call on Thursday, Oct. 23, 2025, at 11 a.m. EDT. The call will follow the release of the company's financial results for the third quarter of 2025, on Wednesday, Oct. 22 after the close of regular trading. The confer. ...

Core Viewpoint - First American Financial Corporation has declared a quarterly cash dividend of 55 cents per common share, reflecting a 2 percent increase from the previous dividend of 54 cents per common share, indicating confidence in the company's business prospects [1]. Company Summary - The company is a leading provider of title, settlement, and risk solutions for real estate transactions [1]. - It is recognized as a leader in the digital transformation of the real estate industry [1].

Company Overview - Century Communities operates in 16 states and over 45 markets across the U S [9] - The company reported revenues of $4 3 billion for the LTM 2Q 2025 period[14] - As of June 30, 2025, the company has 68,701 lots[14] Financial Performance & Growth - Total revenues increased by 70% from $2 5 billion in 2019 to $4 3 billion in LTM Q2 2025[25] - EBITDA increased by 108% from $207 million in 2019 to $432 million in LTM Q2 2025[25] - Book value per share increased by 169% from $32 11 in 2019 to $86 39 in LTM Q2 2025[25] - Home sale deliveries increased by 36% from 8,000 in 2019 to 10,903 in LTM Q2 2025[25] - Community count increased by 23% year-over-year[23] - Book value per share increased by 10% year-over-year to $86 39[23] Business Strategy - 93% of total company home deliveries are priced below FHA limits[30] - 99% of total company home deliveries are spec builds[32] - The company maintains a strong balance sheet with significant liquidity of $858 million[43]

Core Insights - Taylor Morrison Home (TMHC) reported strong second-quarter 2025 results, with adjusted EPS of $2.02 exceeding analysts' expectations of $1.93 and revenue of $2.03 billion surpassing the forecast of $1.93 billion [1][5] - Despite solid performance, the company faces challenges in its order pipeline, including increased cancellation rates, lower net sales orders, and a reduced backlog, indicating potential strain on future results [1][6] Financial Performance - Adjusted EPS for Q2 2025 was $2.02, a 2.5% increase from Q2 2024's $1.97 [2] - Revenue for Q2 2025 reached $2.03 billion, up 2.0% from $1.99 billion in Q2 2024 [2] - The company closed 3,340 homes, exceeding guidance of 3,200, with a gross margin on home closings at 23.0%, down from 23.9% a year ago [5][2] - SG&A costs as a percentage of home closings revenue improved to 9.3%, a decrease of 0.9 percentage points from the previous year [2][5] Demand and Order Trends - Net sales orders fell 12.2% year-over-year to 2,733, with the monthly absorption pace returning to pre-pandemic levels of 2.6 homes per community [2][6] - Cancellation rates increased sharply to 14.6% of gross orders, up from 9.4% the previous year, indicating buyer hesitation [6][8] - The backlog contracted significantly, with 4,461 homes at the end of the quarter, down 28.7% in units and 30% in value compared to the previous year [8][6] Pricing and Margins - The average closing price decreased by 2%, but was offset by a 4% increase in units closed [7] - The East and Central regions experienced average selling price declines of around 6%, while the West region saw a revenue increase of 5.4% due to higher prices [7] - Margins fell compared to last year and the previous quarter, as the company utilized buyer incentives to manage mortgage payments without broad price cuts [7][9] Strategic Focus and Operations - The company invested $612 million in land during the quarter, maintaining a controlled lot pipeline of over 85,000 lots, with 60% controlled off the balance sheet [10] - Financial services generated $52.9 million in revenue, with a mortgage capture rate of 87% [11] - The company emphasizes operational efficiency, energy-efficient design, and compliance with environmental standards as key priorities [12] Future Guidance - For Q3 2025, management expects home closings between 3,200 and 3,300 at an average price of around $600,000, with gross margins close to 22% [14] - For fiscal 2025, total closings are projected between 13,000 and 13,500, with an average price range of $595,000 to $600,000 [14] - Management plans to prioritize margins and capital returns over volume growth in the near term, given the current market conditions [15]

Financial Performance & Growth - Fathom achieved a 24% revenue growth in 2024[9], with Q4 2024 revenue reaching $91.7 million compared to $74.1 million in Q4 2023[104] - The company experienced a 22% increase in transactions in Q4 2024 compared to Q4 2023[10] - Agent growth was also significant, with a 21% increase in Q4 2024 compared to Q4 2023[10] - Gross profit increased by 59% in Q4 2024, reaching $6.7 million compared to $4.2 million in Q4 2023 (excluding Dagley Insurance)[106] Strategic Initiatives - Fathom estimates $100 million in revenue and 12,000 transactions for 2025[10] - The company acquired My Home Group in November 2024, adding 2,200 agents and over 12,000 transactions completed in 2024[96] - Fathom projects over $100 million in revenue and $1.2 million in EBITDA for My Home Group in 2025, and over $130 million in revenue and $2.0 million in EBITDA for 2026[97] - Fathom's direct cost per transaction is $264, significantly lower than the industry average of $1,200 to $1,800[89] Agent Value Proposition - Fathom agents can earn $3,018 more income on just one sale compared to traditional brokerages, based on Fathom's Max Plan[32] - The company's revenue sharing program allows agents to earn additional income, with tiered earnings ranging from 5% to 35% based on the level of recruits[43]