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Lennar Corporation (LEN - Free Report) is one of the leading homebuilders in the U.S. With overall housing market recovering at a slow but steady pace, Lennar’s order trends have been improving at a consistent pace.
Lennar is performing well on the back of its diverse revenue mix, large land supply, above average order growth and better pricing power. Moreover, Lennar’s ancillary platforms — Rialto, Multi-Family, FivePoint and Financial Services — are evolving and are expected to contribute meaningfully in the near future.
Investors should also note that the earnings estimate for LEN has remained stable in the past 30 days. Again, LEN has been posting positive earnings surprise for the past four quarters in a row, with an average surprise of 13.29%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: LEN beat on earnings. Our consensus earnings estimate called for EPS of $1.27 share, and the company reported EPS of $1.34 instead.
Revenues: LEN reported revenues of $3.4 billion. This surpassed our consensus estimate of $3.32 billion.
Key Stats to Note: Order units increased 9% in the quarter.
Stock Price: Shares stayed inactive during pre-market trading.
Check back later for our full write up on this LEN earnings report later.
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Lennar (LEN) Beats on Q4 Earnings and Revenues
Lennar Corporation (LEN - Free Report) is one of the leading homebuilders in the U.S. With overall housing market recovering at a slow but steady pace, Lennar’s order trends have been improving at a consistent pace.
Lennar is performing well on the back of its diverse revenue mix, large land supply, above average order growth and better pricing power. Moreover, Lennar’s ancillary platforms — Rialto, Multi-Family, FivePoint and Financial Services — are evolving and are expected to contribute meaningfully in the near future.
Investors should also note that the earnings estimate for LEN has remained stable in the past 30 days. Again, LEN has been posting positive earnings surprise for the past four quarters in a row, with an average surprise of 13.29%.
Currently, LEN has a Zacks Rank #4 (Sell), but that could definitely change following its earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
LENNAR CORP -A Price and EPS Surprise
LENNAR CORP -A Price and EPS Surprise | LENNAR CORP -A Quote
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: LEN beat on earnings. Our consensus earnings estimate called for EPS of $1.27 share, and the company reported EPS of $1.34 instead.
Revenues: LEN reported revenues of $3.4 billion. This surpassed our consensus estimate of $3.32 billion.
Key Stats to Note: Order units increased 9% in the quarter.
Stock Price: Shares stayed inactive during pre-market trading.
Check back later for our full write up on this LEN earnings report later.
"Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>"