Lennar Corp. (LEN) Tops Q3 EPS by 57c, Revenue Beats

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September 14, 2020 5:15 PM EDT

Lennar Corp. (NYSE: LEN) reported Q3 EPS of $2.12, $0.57 better than the analyst estimate of $1.55. Revenue for the quarter came in at $5.9 billion versus the consensus estimate of $5.47 billion.

Fourth Quarter 2020 Guidance

The following are the Company's expected results of its homebuilding and financial services activities during the fourth quarter of fiscal year 2020:

New Orders

13,800 - 14,300

Deliveries

15,500 - 16,000

Average Sales Price

$390,000

Gross Margin % on Home Sales

23.25% - 23.5%

S,G&A as a % of Home Sales

7.7% - 7.8%

Financial Services Operating Earnings

$100 - $105 million

For earnings history and earnings-related data on Lennar Corp. (LEN) click here.


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