Lennar Corp. (LEN) Misses Q3 EPS by 1c, Revenue Beats, Offers Guidance

September 20, 2021 4:31 PM EDT

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Lennar Corp. (NYSE: LEN) reported Q3 EPS of $3.27, $0.01 worse than the analyst estimate of $3.28. Revenue for the quarter came in at $6.94 billion versus the consensus estimate of $6.86 billion.

2021 Guidance:

The following are the Company's expected results of its homebuilding and financial services activities for the fourth quarter of 2021:

New Orders

15,200 - 15,400


About 18,000

Average Sales Price

About $445,000

Gross Margin % on Home Sales

About 28.0%

S,G&A as a % of Home Sales

About 6.7%

Financial Services Operating Earnings

$95 million - $105 million

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

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