Lennar Corp reports results for the quarter ended February 28 - Earnings Summary

• Lennar Corp LEN.N reported quarterly adjusted earnings of 93 cents​​ per share for the quarter ended February 28, lower than the same quarter last year, when the company reported EPS of $1.96. The mean expectation of nineteen analysts for the quarter was for earnings of 96 cents per share. Wall Street expected results to range from 86 cents to $1.12 per share.

• Revenue fell 13.3% to $6.62 billion from a year ago; analysts expected $6.88 billion.

• Lennar Corp shares had fallen by 10.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 40.5% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 10 "hold" and 7 "sell" or "strong sell." The average consensus recommendation for the homebuilding peer group is "buy."

• Wall Street's median 12-month price target for Lennar Corp is $110.00, about 15.9% above its last closing price of $92.54

This summary was machine generated from LSEG data March 13 at 05:55 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)