The homebuilder said home deliveries in Q3 could come in below estimatesShares of homebuilder Lennar Corp (NYSE:LEN) are down 2.2% at $153.10, despite the company beating fiscal second-quarter earnings and revenue estimates. Lennar reported year-over-year increases in home deliveries and new orders, but expects the former to fall below analysts' expectations in the third quarter.LEN is continuing to distance itself from its March 28, record high of $172.59. The security still has support in place at its 160 ...

Loading...Loading...U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Tuesday.Shares of NextEra Energy, Inc. NEE fell sharply in today's pre-market trading after the company announced plans to sell equity units.After the market close on Monday, NextEra Energy announced that it intends to sell $2 billion of equity units consisting of a contract to purchase NextEra Energy common stock and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings ...

Key TakeawaysLennar shares dropped in extended trading on Monday after the homebuilder issued a lower-than-expected forecast for home deliveries in the current quarter.The company forecasts current-quarter home deliveries of between 20,500 and 21,000, with the 20,750 midpoint below analysts’ consensus view of 20,917 units.The company topped analysts' fiscal second quarter earnings and revenue estimates as purchasers remained responsive to increased sales incentives.Lennar shares may find buying interest aro ...

Lennar (LEN) reported $8.77 billion in revenue for the quarter ended May 2024, representing a year-over-year increase of 9%. EPS of $3.38 for the same period compares to $2.94 a year ago.The reported revenue represents a surprise of +2.23% over the Zacks Consensus Estimate of $8.57 billion. With the consensus EPS estimate being $3.20, the EPS surprise was +5.63%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectation ...

Lennar (LEN) came out with quarterly earnings of $3.38 per share, beating the Zacks Consensus Estimate of $3.20 per share. This compares to earnings of $2.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.63%. A quarter ago, it was expected that this homebuilder would post earnings of $2.21 per share when it actually produced earnings of $2.57, delivering a surprise of 16.29%.Over the last four quarters, the company has sur ...

Exhibit 99.1 Contact: Ian Frazer Investor Relations Lennar Corporation (305) 485-4129 FOR IMMEDIATE RELEASE Lennar Reports Second Quarter 2024 Results 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 w ...

Second Quarter 2024 Highlights - comparisons to the prior year quarterNet 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 investmentNet earnings increased 9% to $954 millionNew orders increased 19% to 21,293 homesBacklog of 17,873 homes with a dollar value of $8.2 billionDeliveries increased 15% to 19,690 homesTotal revenues of $8.8 billionHomebuilding operating earnings of $1.3 billionGross margin on ...

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 fal ...

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 Estimate ...

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 Class ...