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

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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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Book value per share

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Net change in cash

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 (LEN) came out with quarterly earnings of $5.17 per share, beating the Zacks Consensus Estimate of $4.64 per share. This compares to earnings of $5.02 per share a year ago.

Lennar (LEN) Q4 Earnings and Revenues Top Estimates

Lennar (NYSE:LEN) shares fell 3.5% after hours Thursday despite the company beating expectations on the top and bottom lines with its fourth quarter results.  The dip reversed some of the stock's 6.7% gain during the Thursday trading session.

Lennar shares give back Thursday gains despite 4Q earnings surprise

Home builder Lennar Corp. LEN, +6.65% on Thursday reported sales that beat expectations in house deliveries and new orders, though the company's stock was down 4% in after-hours trading. The Miami-based company posted fourth-fiscal-quarter earnings of $1.36 billion, or $4.82 a share, compared with $1.32 billion, or $4.55 a share, for the same period a year earlier.

Home builder Lennar reports boost in fourth-quarter sales

Net earnings per diluted share of $4.82. $5.17, excluding mark-to-market losses on technology investments and other one-time items (collectively, "adjustments")

Lennar Reports Fourth Quarter and Fiscal 2023 Results

Your job as an investor is to make sure that you can buy wonderful businesses at fair prices, which is what Charlie Munger (rest his soul) taught Warren Buffett to get him to pivot from accepting what he referred to as 'cigar butts.' Today, the oracle of Omaha has found a few wonderful businesses trading at more than fair prices.

Last chance to get Lennar in your list of wealth building stocks

Dream Finders Homes

D.R. Horton

Toll Brothers

Steady rates and a notable improvement in the inflation fuel optimism for homebuilders in 2024.

Fed Sees Three Rate Cuts in 2024: 4 Homebuilding Stocks to Watch

PulteGroup

Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders such as Pulte Group and Lennar LEN has fared well in 2023, rising by a solid 63% this year so far. This compares to the S&P 500 which remains up by about 21% over the same period.

Up 63% This Year, Despite Higher Rates, Will The Homebuilding Theme Continue To Outperform?

Does Lennar (LEN) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Lennar (LEN) a Strong Momentum Stock: Buy Now?

LEN is well positioned in the housing market, benefiting from strong demand, tight supply, and strategic pricing. Despite some softening from 2022 peaks, LEN's financial performance remains robust, with significant growth potential and a strong balance sheet. Given its market resilience, strategic adaptability, and stabilized economic conditions, LEN presents a compelling investment opportunity.

Lennar: Resilient Performance Lends Confidence In Future Outlook

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Lennar (LEN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended November 2023.

Seeking Clues to Lennar (LEN) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics

Lennar's (LEN) fiscal fourth-quarter performance is likely to have reflected higher deliveries but lower margins.

Can Lennar (LEN) Retain Its Beat Streak in Q4 Earnings?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Lennar (LEN) Right Now?

Adobe

Costco

Oracle

The earnings calendar is light, although investors will be watching results from top-performing stocks like Costco and Lennar.

Software Giants Adobe, Oracle Headline Earnings Calendar; Costco, Lennar Also Set To Report

Lennar (LEN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Lennar (LEN) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

Homebuilding stocks like D.R. Horton, Inc. (DHI), Lennar Corporation (LEN), Dream Finders Homes, Inc. (DFH) and Toll Brothers Inc. (TOL) are likely to benefit from the steady growth in construction spending.

4 Stocks in Focus as Construction Spending Gathers Pace

Lennar (LEN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Lennar (LEN) Beat Estimates Again in Its Next Earnings Report?

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This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields just over 3%, we present two other groups of five DGI stocks each, with the goal of moderate to high yields.

5 Relatively Secure And Cheap Dividend Stocks To Invest In - December 2023

MIAMI , Dec. 1, 2023 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the fourth quarter ended November 30, 2023 after the market closes on December 14, 2023. Additionally, the Company will hold a conference call on December 15, 2023 at 11:00 a.m.

LENNAR CORPORATION'S FOURTH QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET

Lennar (LEN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Lennar (LEN) This Earnings Season?

Some economists and housing analysts say home prices will likely decline soon, just as existing home inventory is rising. According to November 22 data from real estate platform Redfin, median sale prices are declining in several U.S. metro areas, including Austin, San Antonio and Fort Worth in Texas, along with Portland, Oregon.

Home prices expected to drop, but homebuilders remain strong

LGI Homes

Realty Income Corp

These real estate companies are doing incredible work and making partnerships within the sector. They use innovative strategies and technologies, which makes them attractive — in addition to their growth.

3 Real Estate Tech Stocks Reshaping the Industry

KB Home

M.D.C. Holdings

Although higher mortgage rates, a rise in input prices and land/labor costs pose risks, the lack of existing homes for sale and better operating leverage are likely to drive the Zacks Building Products - Home Builders industry. DHI, LEN, KBH, MDC and DFH are well-positioned to gain.

5 Stocks to Watch From the Thriving Homebuilding Industry

Is Lennar (LEN) Stock Undervalued Right Now?

In the most recent trading session, Lennar (LEN) closed at $128.30, indicating a +0.64% shift from the previous trading day.

Lennar (LEN) Ascends But Remains Behind Market: Some Facts to Note

Mortgage rates in the U.S. have soared to the highest level in more than twenty years, due to the Fed's hawkish stance and the post-pandemic surge in inflation.

News for Lennar Stock (LEN)