Lennar Shares Jump 1.2% to $122.28 as Q1 EPS Seen Down 55%
Lennar shares rose 1.2% to $122.28, outperforming the S&P 500’s 0.05% gain, though the stock is down 1.16% over the past month versus a 6.88% sector increase. Analysts project Q1 EPS of $0.96 (-55.1%) on $6.83 billion sales (-10.5%) and FY EPS of $6.44 (-20.1%) on $33 billion revenue (-3.5%).
1. Stock Performance
Lennar closed at $122.28 with a 1.2% gain, outpacing the S&P 500’s 0.05% rise, while the Dow moved up 0.1% and the Nasdaq slipped 0.22%. Over the past month, Lennar shares have declined 1.16%, underperforming the Construction sector’s 6.88% advance and the S&P 500’s 1.99% drop.
2. Earnings Forecasts
Analysts forecast Q1 earnings per share of $0.96, a 55.14% drop from last year, on revenue of $6.83 billion, down 10.47% year-over-year. For the full fiscal year, consensus estimates call for EPS of $6.44 (-20.1%) and revenue of $33 billion (-3.48%).
3. Valuation and Industry Ranking
Lennar trades at a forward P/E of 18.76 versus the 15.01 industry average and has a PEG of 1.76 compared with 2.26 for peers. The company holds a Zacks Rank of #5 (Strong Sell) and the Home Builders industry ranks in the bottom 2% of all sectors.