Lennar Corp. (LEN) Misses Q3 EPS by 14c

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December 18, 2024 4:33 PM EST

Lennar Corp. (NYSE: LEN) reported Q3 EPS of $4.06, $0.14 worse than the analyst estimate of $4.20. Revenue for the quarter came in at $9.95 billion versus the consensus estimate of $10.06 billion.

Guidance

The following are the Company's expected results of its homebuilding and financial services activities:

First Quarter 2025

New Orders

17,500 - 18,000

Deliveries

17,000 - 17,500

Average Sales Price

$410,000 - $415,000

Gross Margin % on Home Sales

19.0% - 19.25%

S,G&A as a % of Home Sales

8.7% - 8.8%

Financial Services Operating Earnings

$100 million - $110 million

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


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