Lennar Corporation is set to report its third-quarter fiscal 2026 results on Sept. 16, after the closing bell, with the Zacks Consensus Estimate for earnings per share having moved down to $1.29 from $1.31 over the past seven days, a decline of 35.5% from the $2.00 per share reported a year earlier. The consensus mark for total revenues stands at $8.33 billion, down 5.4% from the year-ago figure of $8.81 billion. For the quarter, Lennar expects home deliveries between 20,500 and 21,500 units at an average selling price of $375,000 to $380,000, compared with 21,584 homes sold a year ago at an ASP of $383,000, and it expects home sales gross margin of approximately 16%, down from 17.5%, with EPS in the range of $1.20 to $1.40. New home orders are expected between 21,000 and 22,000 units, down from 23,004 units a year ago, while SG&A expenses as a percentage of home sales are projected at 8.8% to 9%, up from 8.2%. The company carries a Zacks Rank #4 (Sell) and an Earnings ESP of -0.78%, so the model does not conclusively predict an earnings beat.
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