Popular homebuilder Lennar LEN is readied to report financial first-quarter incomes outcomes on Tuesday after the close. Lennar, a Zacks Ranking # 3 (Hold), has actually surpassed the incomes mark in each of the last 4 quarters. Yet with markets unstable heading right into the statement, is LEN a buy?
Lennar is anticipated to publish an earnings of $1.56/ share, which would certainly mirror adverse development of -42.2% versus the exact same quarter in 2014. Quotes for the quarter have actually decreased -1.89% over the previous thirty days. Sales are forecasted to drop -3.2% to $6 billion.
LEN has actually surpassed the incomes mark in each of the previous 4 quarters, with an ordinary beat of 8.36% over that duration. Lennar belongs to the Zacks Structure Products– House Builders market, which presently places in the leading 41% of all Zacks rated Industries.
LEN is a Zacks Ranking # 3 (Hold) supply. Real estate headwinds still provide a significant obstacle for Lennar.
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Lennar Corporation (LEN) : Free Stock Analysis Report
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