Lennar Corp. (LEN) Tops Q1 EPS by 63c
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Financial Fact:
Equity in earnings (loss) from unconsolidated entities: 3M
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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 |
For earnings history and earnings-related data on Lennar Corp. (LEN) click here.
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