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Lennar (LEN) Dips More Than Broader Markets: What You Should Know
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Lennar (LEN - Free Report) closed at $99.72 in the latest trading session, marking a -0.73% move from the prior day. This move lagged the S&P 500's daily loss of 0.51%.
Heading into today, shares of the homebuilder had gained 4.41% over the past month, outpacing the Construction sector's gain of 2.22% and the S&P 500's gain of 3.08% in that time.
LEN will be looking to display strength as it nears its next earnings release. In that report, analysts expect LEN to post earnings of $4.14 per share. This would mark year-over-year growth of 46.81%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.53 billion, up 25.03% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $13.86 per share and revenue of $27.2 billion. These totals would mark changes of +76.56% and +20.97%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for LEN. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.66% lower. 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 7.25 right now. This valuation marks a premium compared to its industry's average Forward P/E of 6.83.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 96, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.
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Lennar (LEN) Dips More Than Broader Markets: What You Should Know
Lennar (LEN - Free Report) closed at $99.72 in the latest trading session, marking a -0.73% move from the prior day. This move lagged the S&P 500's daily loss of 0.51%.
Heading into today, shares of the homebuilder had gained 4.41% over the past month, outpacing the Construction sector's gain of 2.22% and the S&P 500's gain of 3.08% in that time.
LEN will be looking to display strength as it nears its next earnings release. In that report, analysts expect LEN to post earnings of $4.14 per share. This would mark year-over-year growth of 46.81%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.53 billion, up 25.03% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $13.86 per share and revenue of $27.2 billion. These totals would mark changes of +76.56% and +20.97%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for LEN. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.66% lower. 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 7.25 right now. This valuation marks a premium compared to its industry's average Forward P/E of 6.83.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 96, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.