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