Lennar Q3 2024 Adj. EPS $3.90 Beats $3.63 Estimate, Sales $9.416B Beat $9.164B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lennar Corporation reported strong Q3 2024 financial results, with adjusted EPS of $3.90 surpassing the $3.63 estimate and sales of $9.416 billion exceeding the $9.164 billion estimate. This marks a 7.86% increase in sales compared to the same period last year.
September 19, 2024 | 8:39 pm
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Lennar's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $3.90 and sales at $9.416 billion, indicating strong financial performance and a 7.86% increase in sales year-over-year.
Lennar's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. The company's ability to exceed both EPS and sales estimates suggests strong operational performance and market demand, which are favorable indicators for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100