Lennar Corp. (LEN) Misses Q3 EPS by 10c, Misses on Revenue; Offers Q4 Guidance
Lennar Corp. (NYSE: LEN) reported Q3 EPS of $2.00, $0.10 worse than the analyst estimate of $2.10. Revenue for the quarter came in at $8.8 billion versus the consensus estimate of $8.97 billion.
The following are the Company\'s expected results of its homebuilding and financial services activities for the fourth quarter of 2025:
New Orders
20,000 - 21,000
Deliveries
22,000 - 23,000
Average Sales Price
$380,000 - $390,000
Gross Margin % on Home Sales
Approximately 17.5% - consistent with third quarter
SG&A as a % of Home Sales
7.8% - 8.0%
Financial Services Operating Earnings
$130 million - $135 million
For earnings history and earnings-related data on Lennar Corp. (LEN) click here.
