Lennar Q1 EPS Forecast Falls 55% to $0.96 on $6.83B Revenue
Shares fell 1.17% after underperforming the S&P 500’s 1.97% gain, and have gained 5.31% over the past month versus a 7.04% construction-sector rise. Analysts forecast Q1 EPS of $0.96, down 55% year-over-year, on revenue of $6.83 billion, down 10.5%; annual EPS $6.44 and revenue $33 billion, down 20.1% and 3.5%.
1. Share Performance
Lennar shares fell 1.17% in the latest session, underperforming the S&P 500’s 1.97% gain, and over the past month the stock has climbed 5.31%, trailing the construction sector’s 7.04% rise.
2. Q1 Earnings Outlook
Analysts forecast first-quarter EPS of $0.96, down 55% from a year ago, on revenue of $6.83 billion, representing a 10.5% decrease.
3. Full-Year Forecast
For the full year, EPS are projected at $6.44, a 20.1% decline, while revenue is expected to reach $33 billion, down 3.5%.
4. Valuation And Ratings
The stock trades at a forward P/E of 17.9 compared to the industry average of 13.9 and carries a PEG ratio of 1.68 versus 2.14, with analysts assigning the lowest ranking in their model.