So, there's this company called Lennar, and they make houses. One day, the price of their houses went down a little bit, but not as much as other things in the market. People are waiting to see if they will make good houses and how much money they will make. Read from source...
none. Strong points, logical arguments, supported facts: Lennar's shares dropped despite the broader market performing positively. Lennar's recent estimate changes indicate positive alterations, showing analyst optimism about the company. The Zacks Rank system, which takes these estimate changes into account, has a track record of outperforming.
Neutral. The article discusses Lennar's stock performance in comparison to the broader market and the Construction sector. The stock has experienced a minor decline but has not significantly lagged behind other markets. The upcoming earnings report for Lennar is also mentioned, with analysts expecting a decline in earnings on a year-over-year basis, though revenue is expected to increase. There is also a note that recent changes to analyst estimates for Lennar are directly correlated with near-term stock prices. Finally, the article mentions Lennar's valuation metrics in comparison to its industry peers. There is no strong bullish or bearish sentiment present in the article.
- Lennar Corporation (LEN) is a homebuilding company, part of the broader Construction sector.
- Following the broader market trend, LEN stock price recently dipped by more than 0.84%.
- In contrast, the Construction sector as a whole has seen a gain of 2.3%.
- Despite the dip, LEN has shown an increase of 1.72% in the past month.
- The upcoming earnings report will be closely watched by the investment community, as analysts expect the company to post earnings of $3.65 per share, a decline of 6.65% YoY.
- However, analysts also predict an increase in revenue of 6.4% YoY, to 9.29 billion.
- For the full year, Zacks Consensus Estimates project earnings of 14.16 per share and a revenue of 35.74 billion, showing changes of -0.63% and +4.41%, respectively, from the preceding year.
- LEN has a Zacks Rank of 3 (Hold) and is trading at a premium P/E ratio of 12.39, compared to the industry average of 9.11.
- The PEG ratio of 1.59 also suggests that the company is trading at a premium, compared to the industry average of 0.92.
- The Building Products - Home Builders industry is part of the Construction sector, which holds a Zacks Industry Rank of 20.
### Takeaways:
1. Despite a recent dip, LEN has shown a gain of 1.72% in the past month, against the broader market trend.
2. The upcoming earnings report will be closely watched, with analysts expecting earnings of $3.65 per share and revenue of 9.29 billion.
3. For the full year, Zacks Consensus Estimates project earnings of 14.16 per share and a revenue of 35.74 billion.
4. LEN is currently trading at a premium P/E ratio of 12.39 and a PEG ratio of 1.59.
5. The broader Construction sector holds a Zacks Industry Rank of 20, indicating strength within the industry.