Credit: Shutterstock photoLennar Corporation ( LEN ) is one of the leading homebuilders in the U.S. With overall housing market recovering at a slow but steady pace, Lennar's order trends have been improving at a consistent pace.
Lennar is performing well on the back of its diverse revenue mix, large land supply, above average order growth, better pricing power and consistently strong profit margins. Moreover, Lennar's ancillary platforms - Rialto, Multi-Family, FivePoint and Financial Services - are evolving and are expected to contribute meaningfully from 2015/2016.
Investors should also note that earnings estimate for LEN has been steady for sometime. However, LEN has been posting positive earnings surprise for the past four quarters in a row, with an average surprise of 18.77%.
Currently, LEN has a Zacks Rank #3 (Hold), but that could definitely change following Lennar' earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: LEN beat on earnings. Our consensus earnings estimate called for EPS of $0.97/share, and the company reported EPS of $1.07 instead. Investors should note that these figures take out stock option expenses.
Revenues: LEN reported revenues of $2.58 billion. This surpassed our consensus estimate of $2.56 billion.
Key Stats to Note: Orders improved 22% in the quarter.
Check back later for our full write up on this LEN earnings report later.
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LENNAR CORP -A (LEN): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
