Lennar Corp. (LEN) Tops Q3 EPS by 32c
Lennar Corp. (NYSE: LEN) reported Q3 EPS of $5.18, $0.32 better than the analyst estimate of $4.86. Revenue for the quarter came in at $8.9 billion versus the consensus estimate of $8.97 billion.
Guidance:
The following are the Company's expected results of its homebuilding and financial services activities for the fourth quarter of 2022:
New Orders | 14,000 - 15,500 |
Deliveries | 20,000 - 21,000 |
Average Sales Price | $475,000 - $480,000 |
Gross Margin % on Home Sales | 26.0% - 27.0% |
S,G&A as a % of Home Sales | 5.7% - 5.9% |
Financial Services Operating Earnings | $50 million - $60 million |
For earnings history and earnings-related data on Lennar Corp. (LEN) click here.