Lennar Corporation (LEN) closed at $174, reflecting a decrease of 0.84% on the latest trading session, which underperformed against the S&P 500’s loss of 0.2%. The company’s shares increased 1.72% over the month, trailing the Construction sector’s 2.3% and the S&P 500’s 1.93% gains.
Analysts expect Lennar to report earnings of $3.65 per share for the upcoming release, a year-over-year decline of 6.65%. Revenue is forecasted at $9.29 billion, marking a 6.4% increase from the previous year. For the full year, estimates are $14.16 per share in earnings and $35.74 billion in revenue, indicating a slight decline in earnings but a 4.41% revenue increase.
Lennar holds a Zacks Rank of #3 (Hold) and has a Forward P/E ratio of 12.39, compared to the industry average of 9.11. It also has a PEG ratio of 1.59, above the Building Products – Home Builders industry’s average of 0.92. The company’s industry ranks within the top 8% of over 250 industries according to the Zacks Industry Rank.
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