A Preview Of Lennar's Earnings
Portfolio Pulse from Benzinga Insights
Lennar (NYSE:LEN) is scheduled to release its quarterly earnings report on March 13, 2024, with an expected EPS of $2.20. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows Lennar's performance has varied, with both earnings beats and misses leading to stock price fluctuations. Currently, Lennar's shares are trading at $164.12, marking a 62.71% increase over the last 52 weeks, indicating a generally positive outlook from long-term shareholders.
March 12, 2024 | 2:01 pm
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Lennar is expected to report an EPS of $2.20 for the upcoming quarter. Historical performance shows mixed reactions to earnings reports, with the stock price experiencing both increases and decreases post-earnings. Currently, shares have seen a significant uptrend, increasing by 62.71% over the last year.
Given Lennar's positive share price trajectory over the past year and the anticipation surrounding its earnings report, there is a high likelihood of a positive short-term impact on LEN's stock price, especially if the company beats the EPS estimate and provides favorable guidance. However, the historical mixed reactions to earnings reports introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100