Time to Buy the Dip in Lennar Corporation's (LEN) Stock After Earnings?
LENLennar(LEN) ZACKS·2024-06-19 06:55

Resilient demand stemming from a post-pandemic home shortage has fueled the strong stock performance of many homebuilders in recent years with Lennar Corporation (LEN) standing out among the pack. Although Lennar exceeded its fiscal second quarter top and bottom-line expectations after-market hours on Monday, its stock fell -5% in today’s trading session which may coincide with profit-taking amid weaker-than- expected EPS guidance. That said, let’s see if the post-earnings dip is a buying opportunity with L ...