Homebuilder Lennar Stock Slips After Q1: 'Same Persistent Headwinds'

Benzinga03-13

Lennar Corp. (NYSE:LEN) shares slipped in Thursday's extended trading after the company released its first-quarter earnings report, missing estimates on the top and bottom lines.

LEN stock is moving. Watch the price action here.

The Details: Lennar reported quarterly earnings of 88 cents per share, which missed the consensus of 96 cents, according to Benzinga Pro data.

Quarterly revenue of $6.62 billion missed the consensus estimate of $6.88 billion by 3.83% and was down from $7.63 billion in the same period last year.

Deliveries and orders also came in below estimates, according to CNBC.

New orders increased 1% year-over-year to 18,515 homes
Backlog of 15,588 homes with a dollar value of $6 billion
Deliveries decreased 5% year-over-year to 16,863 homes
Total revenues of $6.6 billion
Homebuilding operating earnings of $373 million
- S, G& A expenses as a % of revenues from home sales of 9.8%
- Net margin on home sales of 5.3%

“Our first quarter of fiscal year 2026 was defined by the same persistent headwinds that have challenged the housing market for over three years — high mortgage rates, constrained affordability, cautious consumer sentiment, and geopolitical uncertainty, especially now including the recent conflict in Iran,” said Stuart Miller, CEO of Lennar.

LEN Stock Price: According to data from Benzinga Pro, Lennar stock dipped 2.04% to $90.65 in Thursday's extended trading, after shedding more than 4% in the regular session.

Photo: Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2619156591?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-13 04:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2619156591","market":"hk","top_or_hot":-1,"title":"Homebuilder Lennar Stock Slips After Q1: 'Same Persistent Headwinds'","media":"Benzinga","content":"<html><body><p><strong>Lennar Corp. </strong>(NYSE:LEN) shares slipped in Thursday's extended trading after the company released its first-quarter earnings report, missing estimates on the top and bottom lines. </p>\n<ul>\n<li><strong>LEN stock is moving. </strong><strong>Watch the price action here.</strong></li>\n</ul>\n<p><strong>The Details: </strong>Lennar reported quarterly earnings of 88 cents per share, which missed the consensus of 96 cents, according to Benzinga Pro data.</p>\n<p>Quarterly revenue of $6.62 billion missed the consensus estimate of $6.88 billion by 3.83% and was down from $7.63 billion in the same period last year.</p>\n<p>Deliveries and orders also came in below estimates, according to CNBC. </p>\n<ul>\n<li>New orders increased 1% year-over-year to 18,515 homes</li>\n<li>Backlog of 15,588 homes with a dollar value of $6 billion</li>\n<li>Deliveries decreased 5% year-over-year to 16,863 homes</li>\n<li>Total revenues of $6.6 billion</li>\n<li>Homebuilding operating earnings of $373 million\n<ul>\n<li>S, G&amp; A expenses as a % of revenues from home sales of 9.8%</li>\n<li>Net margin on home sales of 5.3%</li>\n</ul>\n</li>\n</ul>\n<p>“Our first quarter of fiscal year 2026 was defined by the same persistent headwinds that have challenged the housing market for over three years — high mortgage rates, constrained affordability, cautious consumer sentiment, and geopolitical uncertainty, especially now including the recent conflict in Iran,” said <strong>Stuart Miller</strong>, CEO of Lennar.</p>\n<p><strong>LEN Stock Price:</strong> According to data from Benzinga Pro, Lennar stock dipped 2.04% to $90.65 in Thursday's extended trading, after shedding more than 4% in the regular session.   </p>\n<p><em>Photo: Shutterstock</em></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Homebuilder Lennar Stock Slips After Q1: 'Same Persistent Headwinds'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHomebuilder Lennar Stock Slips After Q1: 'Same Persistent Headwinds'\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2026-03-13 04:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong>Lennar Corp. </strong>(NYSE:LEN) shares slipped in Thursday's extended trading after the company released its first-quarter earnings report, missing estimates on the top and bottom lines. </p>\n<ul>\n<li><strong>LEN stock is moving. </strong><strong>Watch the price action here.</strong></li>\n</ul>\n<p><strong>The Details: </strong>Lennar reported quarterly earnings of 88 cents per share, which missed the consensus of 96 cents, according to Benzinga Pro data.</p>\n<p>Quarterly revenue of $6.62 billion missed the consensus estimate of $6.88 billion by 3.83% and was down from $7.63 billion in the same period last year.</p>\n<p>Deliveries and orders also came in below estimates, according to CNBC. </p>\n<ul>\n<li>New orders increased 1% year-over-year to 18,515 homes</li>\n<li>Backlog of 15,588 homes with a dollar value of $6 billion</li>\n<li>Deliveries decreased 5% year-over-year to 16,863 homes</li>\n<li>Total revenues of $6.6 billion</li>\n<li>Homebuilding operating earnings of $373 million\n<ul>\n<li>S, G&amp; A expenses as a % of revenues from home sales of 9.8%</li>\n<li>Net margin on home sales of 5.3%</li>\n</ul>\n</li>\n</ul>\n<p>“Our first quarter of fiscal year 2026 was defined by the same persistent headwinds that have challenged the housing market for over three years — high mortgage rates, constrained affordability, cautious consumer sentiment, and geopolitical uncertainty, especially now including the recent conflict in Iran,” said <strong>Stuart Miller</strong>, CEO of Lennar.</p>\n<p><strong>LEN Stock Price:</strong> According to data from Benzinga Pro, Lennar stock dipped 2.04% to $90.65 in Thursday's extended trading, after shedding more than 4% in the regular session.   </p>\n<p><em>Photo: Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4088","symbol_name":"住宅建筑","start_time":0,"source_url":"https://www.benzinga.com/markets/earnings/26/03/51229673/homebuilder-lennar-stock-slips-after-q1-same-persistent-headwinds","article_id":"2619156591","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2619156591","pubTimestamp":1773348807,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Here&#39;s why Lennar stock is down after-hours.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4088":"住宅建筑","BK4588":"碎股","BK4585":"ETF&股票定投概念","LEN":"莱纳建筑公司","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","BK4596":"哈里斯概念","BK4504":"桥水持仓","BK4559":"巴菲特持仓"},"translate_title":"住宅建筑商Lennar股价在第一季度后下跌：“同样持续的阻力”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LEN":1},"content_text":"Lennar Corp. (NYSE:LEN) shares slipped in Thursday's extended trading after the company released its first-quarter earnings report, missing estimates on the top and bottom lines. \n\nLEN stock is moving. Watch the price action here.\n\nThe Details: Lennar reported quarterly earnings of 88 cents per share, which missed the consensus of 96 cents, according to Benzinga Pro data.\nQuarterly revenue of $6.62 billion missed the consensus estimate of $6.88 billion by 3.83% and was down from $7.63 billion in the same period last year.\nDeliveries and orders also came in below estimates, according to CNBC. \n\nNew orders increased 1% year-over-year to 18,515 homes\nBacklog of 15,588 homes with a dollar value of $6 billion\nDeliveries decreased 5% year-over-year to 16,863 homes\nTotal revenues of $6.6 billion\nHomebuilding operating earnings of $373 million\n\nS, G& A expenses as a % of revenues from home sales of 9.8%\nNet margin on home sales of 5.3%\n\n\n\n“Our first quarter of fiscal year 2026 was defined by the same persistent headwinds that have challenged the housing market for over three years — high mortgage rates, constrained affordability, cautious consumer sentiment, and geopolitical uncertainty, especially now including the recent conflict in Iran,” said Stuart Miller, CEO of Lennar.\nLEN Stock Price: According to data from Benzinga Pro, Lennar stock dipped 2.04% to $90.65 in Thursday's extended trading, after shedding more than 4% in the regular session.   \nPhoto: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2619156591","isCrawlerRequest":true}