Lennar Corporation (LEN) is slated to report third-quarter fiscal 2024 results (ended Aug. 31) after the closing bell on Sept. 19. In the last reported quarter, the company's earnings and total revenues topped the Zacks Consensus Estimate by 5.6% and 2.2%, respectively. It is to be noted that this Miami-based homebuilder surpassed earnings expectations in the trailing 21 quarters. On a year-over-year basis, fiscal second-quarter earnings and revenues increased 15% and 9%, respectively. How Are Estimates Pla ...

Shares of homebuilder Lennar Corp (NYSE:LEN) are hitting record highs today, as they head for their sixth gain in the last seven days. At last glance, the stock was up 0.8% to trade at $187.47, earlier hitting a peak of $188.10. Since the start of 2024, LEN is up 25.7%. Falling mortgage rates put the housing sector in focus ahead of the U.S. Federal Reserve's interest rate decision this week, with Zillow Group (Z) receiving an upgrade earlier this morning. Lennar's earnings report is coming up too, due out ...

Analysts on Wall Street project that Lennar (LEN) will announce quarterly earnings of $3.62 per share in its forthcoming report, representing a decline of 7.4% year over year. Revenues are projected to reach $9.29 billion, increasing 6.4% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings annou ...

Lennar (LEN) closed the latest trading day at $180.23, indicating a +0.02% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.45%. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq added 0.84%.Shares of the homebuilder have appreciated by 7.3% over the course of the past month, outperforming the Construction sector's gain of 1.61% and the S&P 500's gain of 2.54%.The upcoming earnings release of Lennar will be of great interest to investors. The ...

jetcityimage Introduction Lennar (NYSE:LEN) has significantly outperformed the iShares U.S. Consumer Discretionary ETF (IYC) so far in 2024, delivering a circa 23% total return against the ~ 11% gain for the benchmark ETF: LEN vs IYC in 2024 (Seeking Alpha) I think the company has further upside, driven on the one hand by a sector-wide tailwind which will come from lower mortgage rates as the Fed normalizes policy, but also by an undemanding ~13x P/E multiple and a net cash position that provide a significa ...

Interest rates could soon fall. And these two Buffett stocks could soon fly even higher.Warren Buffett hasn't fared too badly since the Federal Reserve began raising interest rates in March 2022. Shares of Berkshire Hathaway are up more than the S&P 500 during the higher-rate environment. However, Buffett is probably hoping for lower rates as many investors are. Some of the stocks in his Berkshire Hathaway portfolio could especially benefit from a positive move by the Federal Reserve. Here are two Buffett s ...

Lennar (LEN) closed at $174 in the latest trading session, marking a -0.84% move from the prior day. This move lagged the S&P 500's daily loss of 0.2%. Meanwhile, the Dow experienced a drop of 0.15%, and the technology-dominated Nasdaq saw a decrease of 0.34%.The homebuilder's shares have seen an increase of 1.72% over the last month, not keeping up with the Construction sector's gain of 2.3% and the S&P 500's gain of 1.93%.The investment community will be paying close attention to the earnings performance ...

Lennar (LEN) closed at $170.37 in the latest trading session, marking a +1.45% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.69% for the day. Meanwhile, the Dow experienced a rise of 1.04%, and the technology-dominated Nasdaq saw an increase of 2.43%.Heading into today, shares of the homebuilder had gained 5.5% over the past month, outpacing the Construction sector's gain of 0.68% and the S&P 500's loss of 4.78% in that time.Analysts and investors alike will be k ...

268-home luxury community creates ideal connectivity throughout Phoenix Metro PHOENIX, July 30, 2024 /PRNewswire/ -- Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, today announced the start of leasing at Harwood, a luxury community ideally located in North Phoenix. Harwood includes 268 upscale apartment homes that offer the ultimate in comfort and convenience. Its spacious, well-appointed homes feature top ...

The latest trading session saw Lennar (LEN) ending at $178.18, denoting a +0.83% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.12%, and the technology-dominated Nasdaq saw an increase of 0.07%.The homebuilder's stock has climbed by 17.91% in the past month, exceeding the Construction sector's gain of 10.96% and the S&P 500's loss of 0.21%.The investment community will be closely monitoring the perf ...