Lennar Likely To Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Lennar Corporation (NYSE:LEN) is expected to report lower Q3 earnings at $3.51 per share, down from $5.03 per share a year ago. The company's revenue is also expected to decrease to $8.45 billion from $9.01 billion. Lennar shares fell 0.5% to close at $115.97 on Wednesday. Several analysts have recently adjusted their price targets for the company, with the most recent changes ranging from $105 to $161.
September 14, 2023 | 7:16 am
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Lennar Corporation is expected to report lower Q3 earnings and revenue. The company's stock fell 0.5% recently. Analysts have adjusted their price targets for the company, with changes ranging from $105 to $161.
The expected decrease in Lennar's Q3 earnings and revenue is likely to negatively impact the company's stock in the short term. The recent 0.5% drop in the company's stock price and the wide range of analysts' price targets also suggest uncertainty about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100