We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lennar (LEN) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Lennar (LEN - Free Report) closed at $82.60 in the latest trading session, marking a -0.45% move from the prior day. This change lagged the S&P 500's 2.38% gain on the day. Meanwhile, the Dow gained 1.95%, and the Nasdaq, a tech-heavy index, added 3.01%.
Prior to today's trading, shares of the homebuilder had lost 1.59% over the past month. This has lagged the Construction sector's gain of 0.89% and the S&P 500's loss of 0.91% in that time.
Wall Street will be looking for positivity from LEN as it approaches its next earnings report date. On that day, LEN is projected to report earnings of $1.62 per share, which would represent year-over-year growth of 27.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.03 billion, up 11.73% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.50 per share and revenue of $24.91 billion. These totals would mark changes of +8.28% and +10.79%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for LEN. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. LEN is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that LEN has a Forward P/E ratio of 9.76 right now. Its industry sports an average Forward P/E of 8.03, so we one might conclude that LEN is trading at a premium comparatively.
Meanwhile, LEN's PEG ratio is currently 1.13. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Building Products - Home Builders stocks are, on average, holding a PEG ratio of 0.71 based on yesterday's closing prices.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 41, putting it in the top 17% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Lennar (LEN) Stock Sinks As Market Gains: What You Should Know
Lennar (LEN - Free Report) closed at $82.60 in the latest trading session, marking a -0.45% move from the prior day. This change lagged the S&P 500's 2.38% gain on the day. Meanwhile, the Dow gained 1.95%, and the Nasdaq, a tech-heavy index, added 3.01%.
Prior to today's trading, shares of the homebuilder had lost 1.59% over the past month. This has lagged the Construction sector's gain of 0.89% and the S&P 500's loss of 0.91% in that time.
Wall Street will be looking for positivity from LEN as it approaches its next earnings report date. On that day, LEN is projected to report earnings of $1.62 per share, which would represent year-over-year growth of 27.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.03 billion, up 11.73% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.50 per share and revenue of $24.91 billion. These totals would mark changes of +8.28% and +10.79%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for LEN. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. LEN is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that LEN has a Forward P/E ratio of 9.76 right now. Its industry sports an average Forward P/E of 8.03, so we one might conclude that LEN is trading at a premium comparatively.
Meanwhile, LEN's PEG ratio is currently 1.13. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Building Products - Home Builders stocks are, on average, holding a PEG ratio of 0.71 based on yesterday's closing prices.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 41, putting it in the top 17% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.