For the quarter ended August 2024, Lennar (LEN) reported income of $9.42 billion, up 7.9% over the identical interval final 12 months. EPS got here in at $3.90, in comparison with $3.91 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $9.29 billion, representing a shock of +1.35%. The corporate delivered an EPS shock of +7.73%, with the consensus EPS estimate being $3.62.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time provide a extra correct image of an organization’s monetary well being.
Since these metrics play an important function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher mission a inventory’s value efficiency.
Right here is how Lennar carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Deliveries – Common gross sales value – Complete: $422 versus $424.14 estimated by 4 analysts on common.
- Deliveries – Houses: 21,516 versus the three-analyst common estimate of 20,745.
- Lively Communities – Complete: 1,283 versus 1,285 estimated by three analysts on common.
- Backlog – Greenback Worth – Complete: $7.75 billion versus $8.32 billion estimated by three analysts on common.
- Backlog – Common gross sales value – Complete: $457 in comparison with the $465.74 common estimate primarily based on three analysts.
- Income- Monetary Providers: $273.27 million versus the six-analyst common estimate of $288.24 million. The reported quantity represents a year-over-year change of +2.7%.
- Income- Homebuilding- Gross sales of properties: $9.02 billion versus the six-analyst common estimate of $8.73 billion. The reported quantity represents a year-over-year change of +8.8%.
- Income- Homebuilding- Gross sales of land: $19.47 million versus the four-analyst common estimate of $19.37 million. The reported quantity represents a year-over-year change of -4.7%.
- Income- Multifamily: $93.44 million versus $113.76 million estimated by 4 analysts on common. In comparison with the year-ago quarter, this quantity represents a -32% change.
- Income- Homebuilding- Different homebuilding: $8.60 million in comparison with the $9.32 million common estimate primarily based on two analysts. The reported quantity represents a change of -30.2% 12 months over 12 months.
- Income- Homebuilding: $9.05 billion versus $8.80 billion estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a +8.7% change.
- Income- Lennar Different: $3.64 million in comparison with the $8.65 million common estimate primarily based on two analysts. The reported quantity represents a change of -50.8% 12 months over 12 months.
View all Key Company Metrics for Lennar here>>>
Shares of Lennar have returned +5.2% over the previous month versus the Zacks S&P 500 composite’s +1.3% change. The inventory presently has a Zacks Rank #4 (Promote), indicating that it might underperform the broader market within the close to time period.
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Lennar Corporation (LEN) : Free Stock Analysis Report
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