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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 2017 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 8.71%.
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 91 cents per share, and the company reported adjusted EPS of 78 cents instead.
Lennar Corporation Price, Consensus and EPS Surprise
Revenues: LEN reported revenues of $3.26 billion. This surpassed our consensus estimate of $2.89 billion.
Key Stats to Note: New Order units increased 12% in the quarter.
Stock Price: Shares climbed 3.8% during pre-market trading at the time of writing.
Check back later for our full write up on this LEN earnings report later.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Lennar (LEN) Beats on Q2 Earnings & 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 2017 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 8.71%.
Currently, LEN has a Zacks Rank #2 (Buy), 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 (Strong Buy) stocks here.
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 91 cents per share, and the company reported adjusted EPS of 78 cents instead.
Lennar Corporation Price, Consensus and EPS Surprise
Lennar Corporation Price, Consensus and EPS Surprise | Lennar Corporation Quote
Revenues: LEN reported revenues of $3.26 billion. This surpassed our consensus estimate of $2.89 billion.
Key Stats to Note: New Order units increased 12% in the quarter.
Stock Price: Shares climbed 3.8% during pre-market trading at the time of writing.
Check back later for our full write up on this LEN earnings report later.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>