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Lennar (LEN) Ascends While Market Falls: Some Facts to Note
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Lennar (LEN - Free Report) closed at $103.93 in the latest trading session, marking a +0.83% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.18%. On the other hand, the Dow registered a loss of 0.76%, and the technology-centric Nasdaq decreased by 1.76%.
Shares of the homebuilder have depreciated by 7.73% over the course of the past month, underperforming the Construction sector's loss of 7.43% and the S&P 500's loss of 3.35%.
Market participants will be closely following the financial results of Lennar in its upcoming release. The company is forecasted to report an EPS of $4.63, showcasing a 7.77% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $10.34 billion, showing a 1.59% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.59 per share and a revenue of $33.69 billion, signifying shifts of -22.56% and +0.07%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Lennar. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.47% increase. Lennar is currently a Zacks Rank #2 (Buy).
In the context of valuation, Lennar is at present trading with a Forward P/E ratio of 7.59. For comparison, its industry has an average Forward P/E of 6.85, which means Lennar is trading at a premium to the group.
We can also see that LEN currently has a PEG ratio of 1.26. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Building Products - Home Builders stocks are, on average, holding a PEG ratio of 0.66 based on yesterday's closing prices.
The Building Products - Home Builders industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 54, positioning it in the top 22% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Lennar (LEN) Ascends While Market Falls: Some Facts to Note
Lennar (LEN - Free Report) closed at $103.93 in the latest trading session, marking a +0.83% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.18%. On the other hand, the Dow registered a loss of 0.76%, and the technology-centric Nasdaq decreased by 1.76%.
Shares of the homebuilder have depreciated by 7.73% over the course of the past month, underperforming the Construction sector's loss of 7.43% and the S&P 500's loss of 3.35%.
Market participants will be closely following the financial results of Lennar in its upcoming release. The company is forecasted to report an EPS of $4.63, showcasing a 7.77% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $10.34 billion, showing a 1.59% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.59 per share and a revenue of $33.69 billion, signifying shifts of -22.56% and +0.07%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Lennar. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.47% increase. Lennar is currently a Zacks Rank #2 (Buy).
In the context of valuation, Lennar is at present trading with a Forward P/E ratio of 7.59. For comparison, its industry has an average Forward P/E of 6.85, which means Lennar is trading at a premium to the group.
We can also see that LEN currently has a PEG ratio of 1.26. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Building Products - Home Builders stocks are, on average, holding a PEG ratio of 0.66 based on yesterday's closing prices.
The Building Products - Home Builders industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 54, positioning it in the top 22% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.