Lennar Corp reports results for the quarter ended May 31 - Earnings Summary

• Lennar Corp LEN.N reported quarterly adjusted earnings of $1.81​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of $3.45. The mean expectation of eighteen analysts for the quarter was for earnings of $1.94 per share. Wall Street expected results to range from $1.84 to $2.08 per share.

• Revenue fell 4.4% to $8.38 billion from a year ago; analysts expected $8.16 billion.

• Lennar Corp's reported EPS for the quarter was $1.81​.

• The company reported quarterly net income of $477.45 million.

• Lennar Corp shares had fallen by 5.4% this quarter and lost 17.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 27.7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 15 "hold" and no "sell" or "strong sell." The average consensus recommendation for the homebuilding peer group is "buy."

• Wall Street's median 12-month price target for Lennar Corp is $130.00

This summary was machine generated from LSEG data June 16 at 10:53 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)