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