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

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Operating Margin

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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.

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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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.

Dream Finders Homes

D.R. Horton

Toll Brothers

Stocks like Dream Finders Homes (DFH), Lennar Corporation (LEN), D.R. Horton (DHI) and Toll Brothers (TOL) are likely to benefit in the near term as mortgage rates are declining.

Homebuilding Market Poised for a 2024 Rebound: 4 Stocks to Watch

Costco

Darden Restaurants

Christmas has come early on Wall Street thanks to the U.S. Federal Reserve. The central bank's last interest rate decision of 2023 delivered everything investors wanted to hear.

3 Blue-Chip Stocks You'll Regret Not Buying Soon: December Edition

SPDR S&P Homebuilders ETF

The numbers: Builder confidence rose in December for the first time in five months as mortgage rates fell.

Builder-confidence index rises for the first time in five months as mortgage rates fall

TUXEDO, N.Y. , Dec. 18, 2023 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, proudly announces the acquisition of nine neighborhoods totaling 1,273 homesites in the Tuxedo Reserve (formerly known as Tuxedo Farms) master-planned community located in Tuxedo, New York from Related Companies.

LENNAR GROWS NEW YORK PRESENCE WITH ACQUISITION OF 1,273 HOMESITES IN TUXEDO RESERVE MASTER-PLANNED COMMUNITY

Lennar Corporation (NYSE:LEN ) Q4 2023 Earnings Call Transcript December 15, 2023 11:00 AM ET Company Participants David Collins - VP & Controller Stuart Miller - Executive Chairman Jon Jaffee - Co-CEO & President Diane Bessette - CFO Conference Call Participants Stephen Kim - Evercore ISI Alan Ratner - Zelman & Associates Kenneth Zener - Seaport Research Partners Michael Rehaut - JPMorgan Susan Maklari - Goldman Sachs Operator Welcome Lennar's Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Lennar Corporation (LEN) Q4 2023 Earnings Call Transcript

Lennar Corporation NYSE: LEN share prices pulled back following the Q4 release, but this is a classic buy-the-dip opportunity. The strong results relative to the consensus figure were not unexpected in light of the recent run-up in share prices.

Lennar: 3 reasons to buy the dip in this cash flow machine

Lennar Corp   (NYSE:LEN) stock is in focus today, after the homebuilder reported fourth-quarter earnings last night.

Lennar Stock Takes a Breather After Earnings

Lennar's (LEN) fourth-quarter fiscal 2023 results reflect higher deliveries and orders. Yet, gross margin remains under pressure due to lower home prices.

Lennar (LEN) Q4 Earnings, Revenues Top, Orders & Deliveries Up

Lennar (LEN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Lennar Corporation (LEN) Soars to 52-Week High, Time to Cash Out?

Economic data has continued shedding excess inflation like a recent prescription of Ozempic can do for one's physique.

Markets Stay on a Roll; COST, LEN Beat on Earnings

While the top- and bottom-line numbers for Lennar (LEN) give a sense of how the business performed in the quarter ended November 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Lennar (LEN) Reports Q4 Earnings: What Key Metrics Have to Say

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

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

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.

News for Lennar Stock (LEN)