Revenue segments as reported by the company.

Homebuilding

Financial Services

Multifamily 

Lennar Other

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

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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.

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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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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.

D.R. Horton

PulteGroup

Homebuilding stocks -- hypersensitive to rates and the U.S. economy -- are on the rise as investors rotate away from growth stocks into cyclicals due to increased prospects of an interest rate cut in September.

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Lennar Corp. (LEN, Financial) is the second-largest homebuilder in the United States, trailing only D.R. Horton (DHI).

Lennar Is a Market Leader at a Good Price

Shares of Lennar Corp LEN declined in premarket trading on Monday, just weeks after the company announced plans to spin off its land assets.

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The housing market has faced headwinds in recent times, primarily due to the impact of rising interest rates. This surge in borrowing costs has slowed down homebuying activity, leading to a decline in homebuilder stock prices.

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Homebuilder stocks jumped Thursday on hopes that mortgage rates will start to significantly downshift this year.

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Shares of Lennar Corp. got chopped down Tuesday after Raymond James backed away from its longtime bullish call on the home builder, citing margin concerns and other company-specific “overhangs.”

Lennar's stock dives below key chart level after longtime bull cuts rating

Shares of several home builders tumbled Tuesday after Citi downgraded Lennar (LEN) and D.R. Horton (DHI), citing concerns about a housing market it says may stay sluggish for the rest of the year.

Citi Downgrade of Lennar, DR Horton Drags Home Builder Shares Lower

Homebuilding stocks Lennar Corp (NYSE:LEN) and DR Horton Inc (NYSE:DHI) are lower today, after Citigroup downgraded both names to "neutral" from "buy," while also trimming their price targets to $164 from $174 and $156 from $181, respectively, due to their  risk/reward ratios.

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The homebuilders industry and construction stocks have been in the spotlight recently, and the XHB SPDR S&P Homebuilders ETF NYSE: XHB is currently at a pivotal support level. As the ETF hovers near this critical point, investors might be questioning whether the sector can sustain its momentum or if a significant pullback is imminent.

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Sales of new U.S. single-family homes slipped in May, marking the lowest level in six months, according to the U.S. Census Bureau's latest report. New home sales — a leading housing market indicator based on signed contracts, not closings — decreased 11.3% to a seasonally adjusted annual rate of 619,000 units in May from April, according to the Commerce Department's report released on Jun 26, 2024.

New Home Sales Dip in May: What Lies Ahead for Housing?

The numbers: Sales of newly built homes in the U.S. plunged in May, as the number of home buyers scaled back in the face of high mortgage rates.

New-home sales plunge to lowest level since November

The housing market in 2024 continues to be complex and volatile for homebuyers and investors. Interest rate volatility, affordability concerns, and persistent inflation present ongoing challenges for the industry.

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Lennar NYSE: LEN shares fell 5% to a multi-month low after setting tepid guidance for Q2. However, the move is overblown in light of the guidance, full-year outlook, cash flow, and robust capital return.

Lennar Stock: A Prime Opportunity for Buy-and-Hold Investors

Although Lennar (LEN) 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.

Time to Buy the Dip in Lennar Corporation's (LEN) Stock After Earnings?

Lennar Corporation is the second-largest home builder in the US and has seen significant growth recently. However, challenges such as elevated mortgage rates and rising resale inventory are impacting the housing market and home builders like Lennar. Despite solid fundamentals, caution is advised due to shifting market dynamics and potential risks, leading to a Hold rating for Lennar shares.

Is Lennar's Future Built On Shifting Sands?

Lennar Corporation (NYSE:LEN ) Q2 2024 Earnings Conference Call June 18, 2024 11:00 AM ET Company Participants David Collins - Vice President and Controller Stuart Miller - Executive Chairman and Co-Chief Executive Officer Jon Jaffe - Co-Chief Executive Officer and President Diane Bessette - Chief Financial Officer Bruce Gross - Chief Executive Officer of Lennar Financial Services Conference Call Participants Stephen Kim - Evercore ISI Carl Reichardt - BTIG Susan Maklari - Goldman Sachs Alan Ratner - Zelman & Associates Michael Rehaut - J.P. Morgan Kenneth Zener - Seaport Research Partners Operator Welcome to Lennar's Second Quarter Earnings Conference Call.

Lennar Corporation (LEN) Q2 2024 Earnings Call Transcript

Lennar beat analysts' expectations for its fiscal second quarter but said it expects lower-than-anticipated deliveries in Q3. Here's what you need to know.

Lennar Stock Falls On Soft Deliveries Outlook: What To Know

Lennar's (LEN) second-quarter fiscal 2024 results reflect higher deliveries and orders. Yet, gross margin remains under pressure due to lower home prices and higher land costs.

Lennar (LEN) Q2 Earnings & Revenues Beat Estimates, Orders Up

Shares of homebuilder Lennar Corp   (NYSE:LEN) are down 2.2% at $153.10, despite the company beating fiscal second-quarter earnings and  revenue estimates.

Mixed Quarterly Report Weighs on Lennar Stock

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News for Lennar Stock (LEN)