Lennar Q3 EPS $3.91 Beats $3.51 Estimate, Sales $8.73B Beat $8.45B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lennar (NYSE:LEN) reported Q3 earnings of $3.91 per share, beating the analyst consensus estimate of $3.51 by 11.4%. However, this is a 24.52% decrease from the same period last year. The company also reported quarterly sales of $8.73 billion, beating the estimate of $8.45 billion by 3.31%, but this is a 2.28% decrease from the same period last year.
September 14, 2023 | 8:31 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Lennar's Q3 earnings and sales beat estimates but decreased compared to the same period last year.
While Lennar beat analyst estimates for Q3 earnings and sales, the year-over-year decrease in both metrics could potentially concern investors. This mixed result makes the short-term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100