Lennar Corp. (LEN) Tops Q1 EPS by 36c; offers Q2 guidance

Lennar Corp. (NYSE: LEN) reported Q1 EPS of $2.57, $0.36 better than the analyst estimate of $2.21. Revenue for the quarter came in at $7.31 billion versus the consensus estimate of $7.39 billion.

GUIDANCE:

The following are the Company\'s expected results of its homebuilding and financial services activities for the second quarter of 2024:

New Orders 20,900 - 21,300

Deliveries 19,000 - 19,500

Average Sales Price $420,000 - $425,000

Gross Margin % on Home Sales About 22.5%

Financial Services Operating Earnings $110 million - $115 million

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

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