Lennar Corp. (NYSE: LEN) reported Q1 EPS of $2.94, $0.63 better than the analyst estimate of $2.31. Revenue for the quarter came in at $8.05 billion versus the consensus estimate of $7.18 billion.

Guidance

The following are the Company's expected results of its homebuilding and financial services activities for the third quarter and fiscal year 2023:

	Third Quarter 2023		Fiscal Year 2023
New Orders	18,000 - 19,000
Deliveries	17,750 - 18,250		68,000 - 70,000
Average Sales Price	Consistent with Q2 2023
Gross Margin % on Home Sales	23.5% - 24.0%
S,G&A as a % of Home Sales	6.7% - 6.8%
Financial Services Operating Earnings	$100 million - $105 million

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