Revenue segments as reported by the company.

Homebuilding

Financial Services

Multifamily 

Lennar Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

Equity in earnings (loss) from unconsolidated entities, and other gain

Other expense, net

Lennar Other realized and unrealized gain (loss)

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Lennar

Lennar Corp. is a homebuilder company which engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Central, Texas, and West, Financial Services, Multifamily, and Lennar Other. The Homebuilding East, Central, Texas, and West segment constructs and sells homes primarily for first-time, move-up, and active adult homebuyers primarily under the Lennar brand name. In addition, the company's homebuilding operations purchase, develop, and sell land to third parties. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes strategic investments in technology companies. The company was founded by Gene Fisher and Arnold Paul Rosen in 1954 and is headquartered in Miami, FL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Lennar manages market challenges, eyes growth through strategic initiatives

Lennar tackled market challenges with a focus on volume and cash flow.
Strong balance sheet and liquidity position the company well for growth.
Challenges include market volatility, pricing pressures, and supply shortages.
Opportunities lie in optimizing assets, strategic cash management, and proactive risk mitigation.

Lennar reports strong Q2 results, eyes growth through affordability

Lennar's Q2 performance showcased strength in financial services, cost management, and balance sheet improvements.
Challenges include moderating rental rates, supply chain disruptions, and maintaining cash flow amidst reduced owned lots.
Opportunities for growth through strategic partnerships, market share expansion, and capital allocation strategies are key focus areas.
Overall, Lennar's focus on production consistency, affordability, and strategic growth positions it well for future success.

Lennar reports strong Q3 results, eyes community growth opportunities

Lennar's strong Q3 performance reflects increased home starts, sales, and improved margins.
The company's focus on production efficiency, cost reduction, and land acquisitions is driving profitability.
Challenges include managing pricing dynamics and balancing returns versus growth.
Opportunities lie in community count growth, potential Quarterra plans revival, and strategic initiatives for cash flow.

Lennar delivers strong Q4 results, eyes growth through volume

Lennar's Q4 performance showcased growth in home deliveries and a strong financial position. The company's strategic focus on volume and efficiency drives market share gains. Challenges include managing negative leverage and interest rate impacts.

Lennar excels in Q1, addresses affordability challenges with innovation

Lennar's strong performance in Q1 driven by volume and margin improvements
Balanced focus on efficiency, affordability, and financial strength
Challenges include affordability concerns and market volatility
Opportunities lie in innovative housing solutions and strategic financial moves

Lennar Q2 2024: Strong Margins, Asset-Light Strategy Progress

Lennar's Q2 2024 earnings call highlighted strong operational and financial performance, with significant progress in their transition to an asset-light business model. The company is navigating macroeconomic challenges effectively, while strategic initiatives like the land asset spin-off present new growth opportunities. Continued focus on operational efficiency and strategic asset management is expected to sustain Lennar's market leadership.

Lennar reports strong Q3 earnings and growth outlook amidst challenges

Lennar's Q3 performance reflects strong earnings in key segments and a robust cash position, setting a positive tone for future growth.
While facing challenges like housing shortages and margin fluctuations, Lennar's strategic initiatives and market positioning offer opportunities for long-term success.
Efforts to enhance affordability and operational efficiency position Lennar well to navigate market dynamics and drive sustainable growth in the housing sector.

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SG&A

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Book value per share

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Free cash flow

Lennar Corp. engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding, Financial Services, Multifamily, and Lennar Other. The Homebuilding segment refers to the construction and sale of single-family attached and detached homes and the purchase, development, and sale of residential land directly and through entities. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes funds, asset management platform, and strategic investments in technology companies. The company was founded in 1954 and is headquartered in Miami, FL.

FedEx

Economic prints were better than expected today, as well -- all but FedEx's (FDX) Q1 earnings results.

Markets Celebrate Loosening Interest Rate Cycle

Lennar (LEN) came out with quarterly earnings of $3.90 per share, beating the Zacks Consensus Estimate of $3.62 per share. This compares to earnings of $3.91 per share a year ago.

Lennar (LEN) Q3 Earnings and Revenues Beat Estimates

Lennar reported third-quarter earnings and revenue after the market closed Thursday.

This S&P 500 Stock Falls On Earnings Despite Expected Tailwind From Fed Rate Cuts

Third Quarter 2024 Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 10% to $4.26 $3.90, excluding mark-to-market gains on technology investments and one-time items in the Company's Multifamily segment Net earnings increased 5% to $1.2 billion New orders increased 5% to 20,587 homes Backlog of 16,944 homes with a dollar value of $7.7 billion Deliveries increased 16% to 21,516 homes Total revenues of $9.4 billion Homebuilding operating earnings of $1.5 billion Gross margin on home sales of 22.5% S,G&A expenses as a % of revenues from home sales of 6.7% Net margin on home sales of 15.8% Financial Services operating earnings of $144 million Multifamily operating earnings of $79 million Lennar Other operating earnings of $20 million Homebuilding cash and cash equivalents of $4.0 billion Years supply of owned homesites of 1.1 years and controlled homesites of 81% No outstanding borrowings under the Company's $2.2 billion revolving credit facility Homebuilding debt to total capital of 7.6% Repurchased 3.4 million shares of Lennar common stock for $519 million MIAMI , Sept. 19, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today reported results for its third quarter ended August 31, 2024.

Lennar Reports Third Quarter 2024 Results

Homebuilder stocks are rising a day after the Federal Reserve kicked off its rate-cutting cycle, lowering the benchmark rate by half a percentage point.

Homebuilder Stocks Rise as Fed Rate Cut Looks Good For Mortgages

Lennar Corporation LEN will release earnings results for its third quarter, after the closing bell on Thursday, Sept. 19.

Lennar Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

PulteGroup

Homebuilder stocks are hitting new highs as anticipation builds ahead of the Federal Reserve's upcoming rate cut decision. Both Lennar Corp LEN and PulteGroup, Inc. PHM surged to 52-week highs on Sept.

Homebuilder Giants Lennar, PulteGroup Hit New 52-Week Highs As Rate Cut Closes In

A steady decline in mortgage rates on interest rate cut expectations would boost the stock price of Warren Buffett's beloved housing stocks NVR and Lennar.

Mortgage Rates Are Falling: A Boon for 2 Warren Buffett Stocks

LEN's fiscal third-quarter performance is likely to have reflected higher deliveries amid lower gross margin and higher SG&A expenses.

Pre-Q3 Earnings Review: Buy, Sell or Hold Lennar Stock?

Shares of homebuilder Lennar Corp (NYSE:LEN) are hitting record highs today, as they head for their sixth gain in the last seven days.

Homebuilding Stock Hits Record Highs Before Earnings

Get a deeper insight into the potential performance of Lennar (LEN) for the quarter ended August 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Stay Ahead of the Game With Lennar (LEN) Q3 Earnings: Wall Street's Insights on Key Metrics

Plus, Bank of Japan's rate decision and earnings from Ferguson and General Mills.

Fed Meeting, FedEx and Lennar Earnings, and More to Watch

Salesforce

A pivotal week will revolve around the Fed's expected rate cut, but Salesforce, FedEx and Lennar will also make news.

Stock Market Heads Into Pivotal Week: Rate Cuts, Salesforce AI, Lennar Earnings

Lennar Corporation's stock has surged 40% since July 2023, outperforming the S&P 500, driven by strong demand and expanded earnings multiples despite growth deceleration. Lennar's Q3 earnings report will reveal interesting data. I am focusing on its asset-light transition, handling of construction costs, and the impact of declining mortgage rates. The housing affordability crisis persists despite lower mortgage rates, posing long-term challenges for Lennar, potentially squeezing profit margins due to necessary buyer incentives.

Lennar Q3 2024 Preview: Asset-Light Shift Boosts Outlook, But Valuation Is Stretched

FedEx stock has come under selling pressure with earnings right around the corner, but Lennar continues to show strength and support.

FedEx Stock, Homebuilder Lennar Hold Near Highs Ahead Of Quarterly Results

FactSet Research Systems

General Mills

VinFast Auto Ltd

American stocks staged a strong recovery this week, erasing most of the losses made last week. The Dow Jones rose by almost 1% while the S&P 500 and Nasdaq 100 indices soared by over 1.8% and 2.58%, respectively.

Top stocks to watch: FedEx, Lennar, FactSet, General Mills, VinFast

Suburban Atlanta community to add 324 new homes to burgeoning metro district, help with attainable housing shortage MCDONOUGH, Ga. , Sept. 12, 2024 /PRNewswire/ --  Quarterra Multifamily , a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, today announced construction on Emblem Mill Road, an attainably priced community located in McDonough, Georgia, southeast of Atlanta.

Quarterra Multifamily Announces Construction on Emblem Mill Road Apartments

D.R. Horton

Yesterday, mortgage rates fell for a sixth-straight week and hit their lowest level since February 2023, with the average contract interest rate for a 30-year fixed-rate mortgages with conforming loan balances dropping to 6.29%.

3 Homebuilding Stock to Watch as Mortgage Rates Fall

In the latest trading session, Lennar (LEN) closed at $180.23, marking a +0.02% move from the previous day.

Lennar (LEN) Advances But Underperforms Market: Key Facts

MIAMI , Sept. 5, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the third quarter ended August 31, 2024 after the market closes on September 19, 2024.

Lennar Corporation's Third Quarter Earnings Conference Call to Be Broadcast Live on the Internet

If Rate Cuts Materialize, These Stocks Could Be Poised for Big Moves

Lennar is the second-largest US homebuilder, with the Homebuilding segment accounting for over 90% of revenues and EBIT. The company has outperformed the iShares US Consumer Discretionary ETF in 2024, delivering a 23% total return. I think Lennar has further upside thanks to an attractive valuation, a conservative capital structure, and sector-wide tailwinds from lower mortgage rates as the Fed normalizes policy.

Lennar: Further Upside As Mortgage Rates Begin Their Decline

Buffett owns two similar stocks -- Lennar and NVR. Shares of both homebuilders should soar if the Fed cuts interest rates.

2 Warren Buffett Stocks That Could Soar If the Fed Cuts Interest Rates in September

A housing shortage has supercharged the financial performance of large single-family homebuilders in the U.S. as the industry consolidates.

How the 2024 election could impact homebuilder stocks

Lennar (LEN) closed at $174 in the latest trading session, marking a -0.84% move from the prior day.

News for Lennar Stock (LEN)