Lennar Corp. (LEN) Tops Q1 EPS by 40c
Lennar Corp. (NYSE: LEN) reported Q1 EPS of $3.91, $0.40 better than the analyst estimate of $3.51. Revenue for the quarter came in at $8.7 billion versus the consensus estimate of $8.49 billion.
Guidance
The following are the Company's expected results of its homebuilding and financial services activities for the fourth quarter of 2023:
New Orders | 16,200 - 17,200 |
Deliveries | 21,500 - 22,500 |
Average Sales Price | Consistent with Q3 2023 |
Gross Margin % on Home Sales | 24.4% - 24.6% |
S,G&A as a % of Home Sales | 6.7% - 6.9% |
Financial Services Operating Earnings |
For earnings history and earnings-related data on Lennar Corp. (LEN) click here.