Lennar (LEN) closed at $59.73 within the newest buying and selling session, marking a +0.15% transf
Lennar (LEN) closed at $59.73 within the newest buying and selling session, marking a +0.15% transfer from the prior day. This modification outpaced the S&P 500’s 0.38% loss on the day. Elsewhere, the Dow misplaced 0.4%, whereas the tech-heavy Nasdaq misplaced 0.51%.
Previous to right now’s buying and selling, shares of the homebuilder had misplaced 3.2% over the previous month. This has lagged the Development sector’s acquire of two.3% and the S&P 500’s acquire of 4.7% in that point.
Wall Avenue might be in search of positivity from LEN because it approaches its subsequent earnings report date. On that day, LEN is projected to report earnings of $1.90 per share, which might signify a year-over-year decline of three.06%. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $6.70 billion, up 3.67% from the year-ago interval.
For the complete yr, our Zacks Consensus Estimates are projecting earnings of $5.49 per share and income of $21.83 billion, which might signify adjustments of -13.54% and +6.1%, respectively, from the prior yr.
Buyers…