Lennar Corp. (LEN) Tops Q4 EPS by 46c
Lennar Corp. (NYSE: LEN) reported Q4 EPS of $2.83, $0.46 better than the analyst estimate of $2.37. Revenue for the quarter came in at $6.83 billion versus the consensus estimate of $6.65 billion.
2021 Guidance
The following are the Company's expected results of its homebuilding and financial services activities for the first quarter of 2021:
New Orders | 14,500 - 14,800 |
Deliveries | 12,200 - 12,500 |
Average Sales Price | $390,000 |
Gross Margin % on Home Sales | 23.5% - 23.75% |
S,G&A as a % of Home Sales | 8.9% - 9.0% |
Financial Services Operating Earnings | $110 million - $115 million |
The following are the Company's expected results of its homebuilding and financial services activities for fiscal year 2021:
Deliveries | 62,000 - 64,000 |
Average Sales Price | $386,000 - $388,000 |
Gross Margin % on Home Sales | 23.75% - 24.0% |
S,G&A as a % of Home Sales | 7.8% - 8.0% |
Financial Services Operating Earnings | $400 million - $425 million |
For earnings history and earnings-related data on Lennar Corp. (LEN) click here.