Lennar Corp. (LEN) Tops Q2 EPS by 26c
Lennar Corp. (NYSE: LEN) reported Q2 EPS of $3.90, $0.26 better than the analyst estimate of $3.64. Revenue for the quarter came in at $9.42 billion versus the consensus estimate of $9.16 billion.
New orders increased 5% to 20,587 homes
Guidance
The following are the Company's expected results of its homebuilding and financial services activities for the fourth quarter of 2024:
New Orders | 19,000 - 19,300 |
Deliveries | 22,500 - 23,000 |
Average Sales Price | About |
Gross Margin % on Home Sales | Flat with Q3 |
S,G&A as a % of Home Sales | 6.7% - 6.8% |
Financial Services Operating Earnings | $140 million |
For earnings history and earnings-related data on Lennar Corp. (LEN) click here.