Revenue segments as reported by the company.

Homebuilding

Financial Services

Multifamily 

Lennar Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

Equity in earnings (loss) from unconsolidated entities, and other gain

Other expense, net

Lennar Other realized and unrealized gain (loss)

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Lennar

Lennar Corp. is a homebuilder company which engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Central, Texas, and West, Financial Services, Multifamily, and Lennar Other. The Homebuilding East, Central, Texas, and West segment constructs and sells homes primarily for first-time, move-up, and active adult homebuyers primarily under the Lennar brand name. In addition, the company's homebuilding operations purchase, develop, and sell land to third parties. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes strategic investments in technology companies. The company was founded by Gene Fisher and Arnold Paul Rosen in 1954 and is headquartered in Miami, FL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Lennar manages market challenges, eyes growth through strategic initiatives

Lennar tackled market challenges with a focus on volume and cash flow.
Strong balance sheet and liquidity position the company well for growth.
Challenges include market volatility, pricing pressures, and supply shortages.
Opportunities lie in optimizing assets, strategic cash management, and proactive risk mitigation.

Lennar reports strong Q2 results, eyes growth through affordability

Lennar's Q2 performance showcased strength in financial services, cost management, and balance sheet improvements.
Challenges include moderating rental rates, supply chain disruptions, and maintaining cash flow amidst reduced owned lots.
Opportunities for growth through strategic partnerships, market share expansion, and capital allocation strategies are key focus areas.
Overall, Lennar's focus on production consistency, affordability, and strategic growth positions it well for future success.

Lennar reports strong Q3 results, eyes community growth opportunities

Lennar's strong Q3 performance reflects increased home starts, sales, and improved margins.
The company's focus on production efficiency, cost reduction, and land acquisitions is driving profitability.
Challenges include managing pricing dynamics and balancing returns versus growth.
Opportunities lie in community count growth, potential Quarterra plans revival, and strategic initiatives for cash flow.

Lennar delivers strong Q4 results, eyes growth through volume

Lennar's Q4 performance showcased growth in home deliveries and a strong financial position. The company's strategic focus on volume and efficiency drives market share gains. Challenges include managing negative leverage and interest rate impacts.

Lennar excels in Q1, addresses affordability challenges with innovation

Lennar's strong performance in Q1 driven by volume and margin improvements
Balanced focus on efficiency, affordability, and financial strength
Challenges include affordability concerns and market volatility
Opportunities lie in innovative housing solutions and strategic financial moves

Lennar Q2 2024: Strong Margins, Asset-Light Strategy Progress

Lennar's Q2 2024 earnings call highlighted strong operational and financial performance, with significant progress in their transition to an asset-light business model. The company is navigating macroeconomic challenges effectively, while strategic initiatives like the land asset spin-off present new growth opportunities. Continued focus on operational efficiency and strategic asset management is expected to sustain Lennar's market leadership.

Lennar reports strong Q3 earnings and growth outlook amidst challenges

Lennar's Q3 performance reflects strong earnings in key segments and a robust cash position, setting a positive tone for future growth.
While facing challenges like housing shortages and margin fluctuations, Lennar's strategic initiatives and market positioning offer opportunities for long-term success.
Efforts to enhance affordability and operational efficiency position Lennar well to navigate market dynamics and drive sustainable growth in the housing sector.

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Cost of revenue

Gross profit

Operating expenses

SG&A

Other

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EBITDA

Net income

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Minority interest

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Book value per share

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Purchase/sale of business

Other sources

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Change in stock

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Free cash flow

Lennar Corp. engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding, Financial Services, Multifamily, and Lennar Other. The Homebuilding segment refers to the construction and sale of single-family attached and detached homes and the purchase, development, and sale of residential land directly and through entities. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes funds, asset management platform, and strategic investments in technology companies. The company was founded in 1954 and is headquartered in Miami, FL.

Lennar Corporation (NYSE: LEN) remained roughly flat in extended trading even after the homebuilder reported better-than-expected profit for its fiscal third quarter. Key takeaways from Lennar Q3 report Earned $1.47 billion versus the year-ago $1.41 billion Per-share earnings climbed from $4.52 to $5.03 On an adjusted basis, profit was $5.

Lennar CEO on Q3 results: ‘demand remains strong'

KB Home

Lennar and KB Home earnings topped views amid mixed results late Wednesday, but the builders warned of more pain for the housing market. The post Lennar, KB Home Earnings Beat But More Pain Ahead For Housing Market appeared first on Investor's Business Daily.

Lennar, KB Home Earnings Beat But More Pain Ahead For Housing Market

Third Quarter 2022 Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 11% to $5.03 Increased 58% to $5.18, excluding mark-to-market gains (losses) on technology investments and one-time items Net earnings increased 4% to $1.47 billion Increased 48% to $1.51 billion, excluding mark-to-market gains (losses) on technology investments and one-time items Deliveries increased 13% to 17,248 homes New orders decreased 12% to 14,366 homes; new orders dollar value decreased 11% to $6.7 billion Backlog of 25,734 homes - consistent with prior year; backlog dollar value increased 8% to $12.9 billion Total revenues increased 29% to $8.9 billion Homebuilding operating earnings increased to $2.0 billion, compared to operating earnings of $1.3 billion Gross margin on home sales improved 190 basis points ("bps") to 29.2% S,G&A expenses as a % of revenues from home sales improved 120 bps to 5.8% Net margin on home sales improved 320 bps to 23.5% Financial Services operating earnings of $63.0 million (including a $35.5 million one-time charge), compared to operating earnings of $111.9 million Multifamily operating earnings of $45.9 million, compared to operating loss of $9.4 million Lennar Other operating loss of $118.0 million, compared to operating earnings of $492.0 million Homebuilding cash and cash equivalents of $1.3 billion Controlled homesites increased to 63%, compared to 53% No outstanding borrowings under the Company's $2.575 billion revolving credit facility Retired $575 million of homebuilding senior notes due November 2022 Homebuilding debt to total capital improved to 15.0%, compared to 21.2% MIAMI , Sept. 21, 2022 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today reported results for its third quarter ended August 31, 2022.

Lennar Reports Third Quarter 2022 Results

D.R. Horton

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Toll Brothers

Poor builders' sentiment signals a housing downturn; elevated construction costs and an aggressive monetary policy are potential risks.

Builder Confidence Still Below 50 in September: Will it Regain?

Darden Restaurants

Trip.com

The three major U.S. equity indexes closed higher Monday. The Dow Jones industrials ended the day up 0.6%, the S&P 500 closed up 0.69% and the Nasdaq added 0.76%.

Earnings Previews: Darden Restaurants, KB Home, Lennar, Trip.com

Previous division presidents to oversee newly created East, Central and West regions CHARLOTTE, N.C. , Sept. 20, 2022 /PRNewswire/ --  Quarterra Multifamily (QMF), a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and asset manager, announced the promotions of three division presidents to regional presidents.

Quarterra Announces Promotions of Cassidy, Johnson and Reisinger to Regional Presidents

Lennar's (LEN) fiscal third-quarter performance will likely reflect higher pricing and operating leverage positives.

Here's How Lennar (LEN) is Set to Report This Earnings Season

TopBuild

Shares of home builders traded broadly higher Monday, after KeyBanc Capital analyst Kenneth Zener flipped to bullish on the sector, saying his previous “Wall of Worry” bearish thesis has played out, making it a good time to start buying.

Time to buy home builder stocks, as ‘early pain' equals ‘early gain,' analyst says

KeyBanc Capital Markets analyst Kenneth Zener upgraded Lennar, D.R. Horton, Meritage Homes, PulteGroup and TopBuild to Outperform.

Lennar and Other Home-Builder Stocks Are Now Buys, According to a Former Bear

Builders FirstSource

Lowe's

These aforementioned stocks have great potential for both mid and long-term investments.  Which are you considering?

Cost of Housing is High; Invest in These Housing Stocks for Profit Instead

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Earnings seasons provide investors with unique opportunities. Generally, a company's share price moves significantly ahead of its earnings, as well as when the company announces its earnings.

These Are the 10 Biggest Firms Announcing Earnings Next Week

M.D.C. Holdings

Housing market to witness impacts of high interest rates and inflation in the near term.

Mortgage Applications Drop as Rates Hit 6%: Housing in Fear?

Joint Venture to bring 450 apartment homes and more than 37,000 square feet of retail to Redmond, Wash. REDMOND, Wash.

Quarterra and QuadReal Property Group Announce the Opening of Spectra

NVIDIA

SPDR S&P Homebuilders ETF

The last time we had a worse single trading session than this was back on June 11, 2020, when it became clear Covid was going to be with us for an extended period of time.

Markets Are Overdoing It a Bit

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5 Stocks With High Free Cash Flow for a Rocky Market

Lennar is a well-respected major homebuilder. It has a dual-class share structure that provides opportunity to those who know how to take advantage.

How To Profit On Lennar Regardless Of Housing Boom Or Bust

Annaly Capital

Realty Income Corp

Opendoor

Zillow

Prospective homebuyers and investors alike have been watching the U.S. housing market's meteoric rise over the past couple of years, with homebuyers hoping price increases would cool off soon and investors rejoicing in the opposite.

How to Play the Housing Market Slowdown

Homebuilder stocks are still down about 25% for the year but a Bank of America analyst says the macro environment warrants keeping away. BofA downgrades three homebuilder stocks On Thursday, Rafe Jadrosich downgraded three stocks to “underperform” that speaks to his overall outlook on this space.

No love for homebuilder stocks at the Bank of America

Affordability of new homes is declining, with the average monthly mortgage payment up as much as 50% in some markets in the last six months.

Surging mortgage rates spur downgrade of homebuilder stocks by Bank of America as the US housing market slows

About 1-in-5 homebuilders reported reducing prices to boost sales or limit cancellations, according to the NAHB/Wells Fargo survey.

Homebuilder stocks drop as companies report 8th straight monthly drop in housing sentiment to the lowest reading since start of the pandemic

Target

XP Investimentos

As of Friday, Aug. 12, the following stocks look undervalued by the market as their price-earnings ratios without non-recurring items trade below 20 while their price-earnings to growth (PEG) ratios trade near or below 1.

4 Stocks That Look Like Bargains

Wedbush lowered its stock rating to Neutral and kept the $88 price target on the stock unchanged.

Lennar Stock Gets a Downgrade. An Analyst Says It Needs a Catalyst.

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"You can now buy all sorts of stocks that benefit from cheaper fuel, especially the travel and leisure plays," Jim Cramer said Thursday.

Jim Cramer says to consider buying these 8 stocks now that commodity prices are down

Mid-rise community Features 290 Apartment Homes and Townhomes in Scottsdale   SCOTTSDALE, Ariz. , July 26, 2022 /PRNewswire/ --  LMC , a wholly owned subsidiary of Lennar Corporation [NYSE: LEN] and a leader in apartment development and management, today announced the start of leasing at Residences Kierland, a mid-rise spa-centric community in Scottsdale's burgeoning Kierland neighborhood.

LMC Announces Start of Leasing for Residences Kierland

News for Lennar Stock (LEN)