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Lennar (LEN) Dips More Than Broader Market: What You Should Know
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Lennar (LEN - Free Report) closed at $109.35 in the latest trading session, marking a -1.69% move from the prior day. This change lagged the S&P 500's daily loss of 0.43%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq depreciated by 0.94%.
Shares of the homebuilder have appreciated by 8.2% over the course of the past month, outperforming the Construction sector's gain of 5.6%, and the S&P 500's gain of 0.89%.
The investment community will be closely monitoring the performance of Lennar in its forthcoming earnings report. The company is predicted to post an EPS of $0.96, indicating a 55.14% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.84 billion, indicating a 10.32% decrease compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.4 per share and revenue of $32.87 billion. These totals would mark changes of -20.6% and -3.85%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Lennar. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.32% lower. Right now, Lennar possesses a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Lennar is holding a Forward P/E ratio of 17.39. For comparison, its industry has an average Forward P/E of 13.07, which means Lennar is trading at a premium to the group.
Investors should also note that LEN has a PEG ratio of 1.63 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Building Products - Home Builders was holding an average PEG ratio of 1.87 at yesterday's closing price.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 241, which puts it in the bottom 2% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Lennar (LEN) Dips More Than Broader Market: What You Should Know
Lennar (LEN - Free Report) closed at $109.35 in the latest trading session, marking a -1.69% move from the prior day. This change lagged the S&P 500's daily loss of 0.43%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq depreciated by 0.94%.
Shares of the homebuilder have appreciated by 8.2% over the course of the past month, outperforming the Construction sector's gain of 5.6%, and the S&P 500's gain of 0.89%.
The investment community will be closely monitoring the performance of Lennar in its forthcoming earnings report. The company is predicted to post an EPS of $0.96, indicating a 55.14% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.84 billion, indicating a 10.32% decrease compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.4 per share and revenue of $32.87 billion. These totals would mark changes of -20.6% and -3.85%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Lennar. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.32% lower. Right now, Lennar possesses a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Lennar is holding a Forward P/E ratio of 17.39. For comparison, its industry has an average Forward P/E of 13.07, which means Lennar is trading at a premium to the group.
Investors should also note that LEN has a PEG ratio of 1.63 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Building Products - Home Builders was holding an average PEG ratio of 1.87 at yesterday's closing price.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 241, which puts it in the bottom 2% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.