Lennar is set to report third-quarter results on Wednesday after market hours, with the market expecting revenue to decline 5.7% year on year. The homebuilder missed analysts' revenue expectations last quarter, posting revenues of $7.94 billion, down 5.2% year on year, though it beat analysts' EPS estimates. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings, and Lennar has missed Wall Street's revenue estimates multiple times over the last two years. As the first among its peers to report this season, Lennar offers no read-across from rivals, but the whole sector has been hit hard over the last month, with stocks in Lennar's peer group down 9.2% on average while Lennar is down 7.6% over the same period.
Lennar CorporationLennar is expected to report a 5.7% year-on-year revenue decline in Q3 earnings, following last quarter's revenue miss.
