Lennar shares fell 3.53% to $84.56 in the latest close, a steeper decline than the S&P 500's daily loss of 1.52%. The Dow dropped 2.19% and the Nasdaq decreased 1.74%. Over the past month, the homebuilder's stock has depreciated 3.14%, outperforming the Construction sector's loss of 8.26% but lagging the S&P 500's gain of 1.92%. Lennar is expected to report earnings per share of $1.31, a 34.5% decline from the year-ago quarter, on projected net sales of $8.33 billion, down 5.42%. The Zacks Consensus Estimate for the full year projects earnings of $5.46 per share and revenue of $32.27 billion, representing declines of 32.26% and 5.6%, respectively. Analyst estimates have moved lower, with the consensus EPS projection down 1.22% over the past 30 days, and Lennar currently holds a Zacks Rank of 5, or Strong Sell. The stock trades at a forward P/E of 16.06, a premium to the industry average of 14.65, while its PEG ratio stands at 2.94, matching the Building Products - Home Builders industry average.
Lennar CorporationAnalyst estimates have been revised down, with consensus EPS projection falling 1.22% over the past 30 days, and Lennar holds a Zacks Rank of 5 (Strong Sell).