Second Quarter 2024 Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 15% to $3.45 $3.38, excluding mark-to-market losses on technology investments and one-time gain on sale of a technology investment Net earnings increased 9% to $954 million New orders increased 19% to 21,293 homes Backlog of 17,873 homes with a dollar value of $8.2 billion Deliveries increased 15% to 19,690 homes Total revenues of $8.8 billion Homebuilding operating earnings of $1.3 billion Gross ...

CNBC's Jim Cramer on Friday guided investors through next week's most important happenings on Wall Street, including earnings reports from homebuilders Lennar and KB Home, adding that the housing sector can be the "linchpin" of the economy. "Last night, I bemoaned that there aren't enough stocks that are compelling away from tech," Cramer said. "Let's see what happens next week, and whether we get enough data that's weak, but not too weak, because it's very hard to imagine the Fed cutting rates until the fa ...

Lennar Corporation (LEN) is slated to report second-quarter fiscal 2024 results (ended May 31) after the closing bell on Jun 17. In the last reported quarter, the company’s earnings topped the Zacks Consensus Estimate by 16.3% but total revenues missed the same by 1.8%. It is to be noted that this Miami-based homebuilder surpassed earnings expectations in the trailing 20 quarters. On a year-over-year basis, fiscal first-quarter earnings and revenues increased 25% and 12.7%, respectively. The Trend in Estima ...

Loading... Loading... Lennar Corporation LEN will release earnings results for its second quarter, after the closing bell on Monday. Analysts expect the Miami, Florida-based company to report a quarterly earnings at $3.24 per share, up from $3.01 per share in the year-ago period. Lennar is projected to post quarterly revenue of $8.52 billion, compared to $8.05 billion a year earlier, according to data from Benzinga Pro. On April 10, Lennar declared a quarterly cash dividend of 50 cents per share for both Cl ...

Analysts on Wall Street project that Lennar (LEN) will announce quarterly earnings of $3.20 per share in its forthcoming report, representing an increase of 8.8% year over year. Revenues are projected to reach $8.57 billion, increasing 6.6% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's earnings anno ...

Alistair Berg Introduction Lennar Corporation (NYSE:LEN) is set to report its Q2 earnings on the June 17, after the market closes. I wanted to revisit the company to see how well it performed throughout ’23 and whether it may be a good time to start a position before the company announces the numbers. The latter half of ’23 saw a substantial increase in revenues, fueled by strong demand, however, some economies started to cut interest rates, and the US unemployment figures are starting to creep up, which ma ...

Luxury high-rise community combines sophistication with convenience in Denver's Golden Triangle Neighborhood DENVER, June 7, 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 Dryden, a luxury community that blends urban activity and walkability with the elegance and culture of Denver's thriving Golden Triangle Neighborhood. Dryden is a 420-home high ...

In the latest trading session, Lennar (LEN) closed at $159.37, marking a +1.05% move from the previous day. The stock's change was less than the S&P 500's daily gain of 1.19%. On the other hand, the Dow registered a gain of 0.25%, and the technology-centric Nasdaq increased by 1.96%. The the stock of homebuilder has fallen by 2.1% in the past month, lagging the Construction sector's loss of 1.84% and the S&P 500's gain of 3.35%. The investment community will be closely monitoring the performance of Lennar i ...

Quarterra's newest Northern California community to feature 260 one- and two-bedroom apartment homes SANTA ROSA, Calif., June 4, 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 construction at Renata, Quarterra's first community in Santa Rosa, California. Renata, will be a 260-apartment home garden-style community, and sit within the Perennial Park master- p ...

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