Lennar Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Lennar Corporation (NYSE:LEN) is anticipated to report an increase in Q1 earnings to $2.20 per share from $2.06 the previous year, with projected revenue of $7.39 billion. The company recently increased its dividend and announced a $5 billion repurchase authorization. Shares rose 1.1% to $165.97. Analyst ratings vary, with price targets ranging from $130 to $165 and ratings from Neutral to Overweight.
March 13, 2024 | 2:38 pm
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POSITIVE IMPACT
Lennar Corporation is expected to report increased Q1 earnings and revenue, has raised its dividend, and announced a $5 billion repurchase authorization. Analyst ratings and price targets show a mixed but generally positive outlook.
The expected increase in earnings and revenue, combined with the dividend increase and repurchase authorization, signals strong financial health and investor confidence, likely leading to a positive short-term impact on LEN's stock price. Analyst ratings, despite being mixed, lean towards a positive outlook, further supporting this assessment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100