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Lennar (LEN)

(Delayed Data from NYSE)

$152.47 USD

+0.85 (0.56%)

Updated May 1, 2024 04:00 PM ET

After-Market: $152.40 -0.07 (-0.05%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank	Definition	Annualized Return
1	Strong Buy	24.20%
2	Buy	18.04%
3	Hold	9.52%
4	Sell	5.20%
5	Strong Sell	2.60%
S&P	500	11.13%

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3-Hold of 5 3

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score	A
Growth Score	A
Momentum Score	A
VGM Score	A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

B Value B Growth A Momentum A VGM

Industry Rank:

Top 6% (16 out of 251)

Industry: Building Products - Home Builders

View All Zacks #1 Ranked Stocks

Better trading starts here.

Research for LEN

Annual Key Company Metrics
Quarterly Key Company Metrics

Revenue - Line of Business Segments	YR Estimate	11/30/2023	11/30/2022	11/30/2021	11/30/2020	11/30/2019
Revenue: Homebuilding: Sales of h...		32,459	31,779	25,348	20,840	20,560
Revenue: Homebuilding: Sales of l...		110	143	168	123	204
Revenue: Homebuilding: Other home...		39	40	43	26	149
Revenue: Homebuilding [$M]		32,661	31,951	25,545	20,981	20,793
Revenue: Financial Services [$M]		977	810	899	890	825
Revenue: Multifamily [$M]		573	866	665	576	605
Revenue: Lennar Other [$M]		22	44	21	41	37
Income - Line of Business	YR Estimate	11/30/2023	11/30/2022	11/30/2021	11/30/2020	11/30/2019
Homebuilding operating earnings [...		5,528	6,777	5,032	2,989	2,503
Financial Services operating earn...		509	383	491	481	225
Multifamily operating earnings [$...		-51	69	21	23	16
Lennar Other operating earnings (...		-210	-735	733	-10	31
Expenses - Line of Business	YR Estimate	11/30/2023	11/30/2022	11/30/2021	11/30/2020	11/30/2019
Homebuilding costs and expenses: ...		24,900	23,025	18,562	16,092	16,324
Homebuilding costs and expenses: ...		92	172	144	172	207
NFM - Operating & Non Financial Metrics	YR Estimate	11/30/2023	11/30/2022	11/30/2021	11/30/2020	11/30/2019
Active Communities - East [#]		337	316	345	323	428
Active Communities - Central [#]		291	313	302	285	255
Active Communities - West [#]		384	341	372	353	359
Active Communities - Other [#]		2	3	3	3	3
Active Communities - Texas [#]		246	235	241	213	238
Deliveries - Homes - Texas [#]		16,591	12,993	10,939	9,425	8,193
Deliveries - Dollar Value - Texas...		4,693	4,212	3,205	2,641	2,526
Deliveries - Average sales price ...		283	324	293	280	308
New Orders - Homes - Texas [#]		15,789	11,424	12,382	10,078	8,215
New Orders - Dollar Value - Texas...		4,332	3,596	3,833	2,752	2,479
New Orders - Average sales price ...		274	315	310	273	302
Backlog - Dollar Value - Texas [$...		476	837	1,453	825	713
Cancellation rate [%]	--	--	--	10	15	16
Backlog - Dollar Value - Other [$...		2	1	4	2	8
Backlog - Dollar Value - West [$M...		2,072	2,226	4,135	2,913	2,308
New orders - Homes - East [#]		20,884	21,649	20,566	17,299	20,718
New orders - Homes - Central [#]		13,204	12,020	12,871	11,905	7,098
New orders - Homes - West [#]		19,199	15,990	18,703	16,868	15,335
New orders - Homes - Other [#]		35	22	21	19	73
Deliveries - Homes - Other [#]		33	25	19	26	70
Deliveries - Homes - West [#]		19,388	19,015	17,850	15,814	15,178
Deliveries - Homes - Central [#]		14,461	13,152	12,138	10,684	7,071
Deliveries - Homes - East [#]		22,614	21,214	18,879	16,976	20,979
Deliveries - Dollar Value - Total...		32,615	31,846	25,380	20,876	20,596
Deliveries - Dollar Value - Other...		23	21	18	25	67
Deliveries - Dollar Value - West ...		12,052	12,513	10,503	8,401	8,204
Deliveries - Dollar Value - Centr...		6,128	5,831	4,807	4,085	2,719
Deliveries - Dollar Value - East ...		9,719	9,269	6,846	5,725	7,080
Deliveries - Average sales price ...		430	437	363	337	337
Deliveries - Average sales price ...		424	443	396	382	385
Deliveries - Average sales price ...		622	658	588	531	541
Deliveries - Average sales price ...		704	855	969	943	963
New orders - Average sales price ...		420	440	385	347	338
New orders - Average sales price ...		416	445	417	387	387
New orders - Average sales price ...		620	663	627	534	523
New orders - Average sales price ...		674	846	977	943	916
New orders - Dollar Value - Total...		30,509	29,087	28,853	22,389	20,324
New orders - Dollar Value - East ...		8,761	9,516	7,908	6,010	7,002
New orders - Dollar Value - Centr...		5,494	5,352	5,366	4,603	2,750
New orders - Dollar Value - West ...		11,898	10,605	11,725	9,006	8,025
New orders - Dollar Value - Other...		24	19	21	18	67
Backlog - Homes [#]		14,892	18,869	23,771	18,821	15,577
Backlog - Average sales price - T...		445	463	478	415	404
Backlog - Dollar Value - Total [$...		6,634	8,741	11,362	7,813	6,301
New orders - Homes [#]		69,111	61,105	64,543	56,169	51,439
New orders - Average sales price ...		441	476	447	399	395
Deliveries - Homes [#]		73,087	66,399	59,825	52,925	51,491
Deliveries - Average sales price ...		446	480	424	394	400
Active Communities - Total [#]		1,260	1,208	1,263	1,177	1,283
Backlog - Homes - East [#]		6,975	8,706	7,932	6,013	6,827
Backlog - Homes - Central [#]		2,768	4,025	5,104	4,371	2,013
Backlog - Homes - Texas [#]		1,895	2,697	4,266	2,823	2,170
Backlog - Homes - West [#]		3,251	3,440	6,465	5,612	4,558
Backlog - Homes - Other [#]		3	1	4	2	9
Backlog - Average sales price - E...		410	439	435	384	359
Backlog - Average sales price - C...		441	461	455	403	408
Backlog - Average sales price - T...		251	310	341	292	329
Backlog - Average sales price - W...		637	647	640	519	506
Backlog - Average sales price - O...		509	1,164	986	924	939
Backlog - Dollar Value - East [$M...		2,862	3,821	3,449	2,311	2,448
Backlog - Dollar Value - Central ...		1,222	1,855	2,321	1,762	822

Revenue - Line of Business Segments	Qtr Estimate	02/29/2024	11/30/2023	08/31/2023	05/31/2023	02/28/2023
Revenue: Homebuilding: Sales of h...		6,902	10,443	8,286	7,637	6,094
Revenue: Homebuilding: Sales of l...		21	64	20	16	10
Revenue: Homebuilding: Other home...		10	--	10	12	5
Revenue: Homebuilding [$M]		6,931	10,516	8,319	7,670	6,156
Revenue: Financial Services [$M]		250	--	266	223	183
Revenue: Multifamily [$M]		130	141	137	152	144
Revenue: Lennar Other [$M]		3	7	7	0	8
Income - Line of Business	Qtr Estimate	02/29/2024	11/30/2023	08/31/2023	05/31/2023	02/28/2023
Homebuilding operating earnings [...		1,029	1,913	1,494	1,214	907
Financial Services operating earn...		131	169	149	113	79
Multifamily operating earnings [$...		-16	-12	-9	-8	-22
Lennar Other operating earnings (...		-40	-125	-26	-18	-40
Expenses - Line of Business	Qtr Estimate	02/29/2024	11/30/2023	08/31/2023	05/31/2023	02/28/2023
Homebuilding costs and expenses: ...		5,396	7,920	6,262	5,916	4,803
Homebuilding costs and expenses: ...		14	39	19	12	22
NFM - Operating & Non Financial Metrics	Qtr Estimate	02/29/2024	11/30/2023	08/31/2023	05/31/2023	02/28/2023
Active Communities - East [#]		304	337	362	370	346
Active Communities - Central [#]		320	291	277	299	293
Active Communities - West [#]		368	384	375	365	356
Active Communities - Other [#]		2	2	4	3	3
Active Communities - Texas [#]		233	246	235	226	219
Deliveries - Homes - Texas [#]		4,263	5,160	4,102	3,908	3,421
Deliveries - Dollar Value - Texas...		1,070	1,364	1,175	1,138	1,017
Deliveries - Average sales price ...		251	264	286	291	297
New Orders - Homes - Texas [#]		4,431	4,185	4,730	3,732	3,142
New Orders - Dollar Value - Texas...		1,120	1,070	1,302	1,080	879
New Orders - Average sales price ...		253	256	275	289	280
Backlog - Dollar Value - Texas [$...		526	476	769	642	700
Cancellation rate [%]		--	--	13	14	22
Backlog - Dollar Value - Other [$...		4	2	3	2	4
Backlog - Dollar Value - West [$M...		2,547	2,072	3,311	3,158	2,741
New orders - Homes - East [#]		4,526	5,344	5,779	5,484	4,277
New orders - Homes - Central [#]		4,274	3,278	4,003	3,618	2,305
New orders - Homes - West [#]		4,927	4,549	5,140	5,045	4,465
New orders - Homes - Other [#]		18	10	14	6	5
Deliveries - Homes - Other [#]		13	14	9	9	1
Deliveries - Homes - West [#]		4,238	6,145	5,036	4,565	3,642
Deliveries - Homes - Central [#]		3,560	5,134	3,807	3,220	2,300
Deliveries - Homes - East [#]		4,724	7,342	5,605	5,372	4,295
Deliveries - Dollar Value - Total...		6,945	10,504	8,318	7,667	6,126
Deliveries - Dollar Value - Other...		7	8	6	7	1
Deliveries - Dollar Value - West ...		2,521	3,976	3,109	2,773	2,194
Deliveries - Dollar Value - Centr...		1,396	2,105	1,599	1,400	1,024
Deliveries - Dollar Value - East ...		1,951	3,050	2,430	2,349	1,890
Deliveries - Average sales price ...		413	415	434	437	440
Deliveries - Average sales price ...		392	410	420	435	445
Deliveries - Average sales price ...		595	647	617	607	602
Deliveries - Average sales price ...		524	601	695	822	1,165
New orders - Average sales price ...		419	403	415	430	433
New orders - Average sales price ...		402	401	417	425	421
New orders - Average sales price ...		608	602	635	632	607
New orders - Average sales price ...		529	649	563	924	737
New orders - Dollar Value - Total...		7,742	7,284	8,640	8,171	6,413
New orders - Dollar Value - East ...		1,898	2,154	2,398	2,357	1,852
New orders - Dollar Value - Centr...		1,719	1,315	1,670	1,539	970
New orders - Dollar Value - West ...		2,996	2,738	3,261	3,190	2,708
New orders - Dollar Value - Other...		10	6	8	6	4
Backlog - Homes [#]		16,270	14,892	21,321	20,214	19,403
Backlog - Average sales price - T...		457	445	462	472	465
Backlog - Dollar Value - Total [$...		7,432	6,634	9,854	9,532	9,028
New orders - Homes [#]		18,176	17,366	19,666	17,885	14,194
New orders - Average sales price ...		426	419	439	457	452
Deliveries - Homes [#]		16,798	23,795	18,559	17,074	13,659
Deliveries - Average sales price ...		413	441	448	449	448
Active Communities - Total [#]		1,227	1,260	1,253	1,263	1,217
Backlog - Homes - East [#]		6,382	6,975	8,973	8,799	8,687
Backlog - Homes - Central [#]		3,877	2,768	4,624	4,428	4,030
Backlog - Homes - Texas [#]		2,063	1,895	2,870	2,242	2,418
Backlog - Homes - West [#]		3,940	3,251	4,847	4,743	4,263
Backlog - Homes - Other [#]		8	3	7	2	5
Backlog - Average sales price - E...		416	410	419	431	435
Backlog - Average sales price - C...		438	441	435	438	447
Backlog - Average sales price - T...		255	251	268	286	289
Backlog - Average sales price - W...		646	637	683	666	643
Backlog - Average sales price - O...		530	509	492	914	737
Backlog - Dollar Value - East [$M...		2,656	2,862	3,758	3,790	3,783
Backlog - Dollar Value - Central ...		1,699	1,222	2,012	1,941	1,802

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