Lennar tops earnings estimates as deliveries climb 16% while prices fall 7% [MarketWatch]
Lennar Corporation Class A (LEN)
Last lennar corporation class a earnings: 3/19 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
investors.lennar.com
Company Research
Source: MarketWatch
Lennar tops earnings estimates as deliveries climb 16% while prices fall 7% Lennar Corp. LEN, -1.57% , the Miami homebuilder, said fourth quarter ending Nov. 30 fell to $674.3 million, or $2.13 a share, from $796.1 million, or $2.42 a share, with revenue rose to $6.97 billion from $6.46 billion. The year-earlier quarter included a 58 cents a share gain on the sale of an investment and asset management platform. Analysts polled by FactSet expected earnings of $1.90 a share on revenue of $6.51 billion. Lennar reported a 16% increase in the number of home deliveries but a 7% decrease in the average sales price of homes. Its backlog of 15,577 homes had a dollar value of $6.3 billion, down 4%. Lennar expects fiscal 2020 deliveries to be in the range of 54,000 to 55,000 homes, homebuilding gross margin percentage to be in the range of 20.5% to 21.0% and cash flows to continue to accelerate, and it says it will "opportunistically deploy excess cash flow" to repurchase additional debt and
Show less
Read more
Impact Snapshot
Event Time:
LEN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LEN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LEN alerts
High impacting Lennar Corporation Class A news events
Weekly update
A roundup of the hottest topics
LEN
News
- Florida company to buy Rausch Coleman Homes [Yahoo! Finance]Yahoo! Finance
- Lennar (LEN) Outperforms Broader Market: What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Lennar To Acquire Rausch Coleman Homes [Yahoo! Finance]Yahoo! Finance
- Lennar To Acquire Rausch Coleman HomesPR Newswire
- Quarterra Multifamily Announces the Start of Leasing at Cordelia Apartments [Yahoo! Finance]Yahoo! Finance
LEN
Earnings
- 9/19/24 - Beat
LEN
Sec Filings
- 11/12/24 - Form SC
- 10/29/24 - Form 4
- 10/28/24 - Form 144
- LEN's page on the SEC website