PREVIEW: Lennar shares inch lower; results due after the bell

** Shares of Lennar LEN.N inched lower in afternoon trading Thurs, with the homebuilder seen reporting a decline in rev and EPS from a yr ago when it releases quarterly results after the closing bell

** Analysts expect Q3 rev of $9 bln vs $9.4 bln a yr ago and EPS of $2.10 vs $4.26 a yr ago, according to LSEG

** In June, Lennar posted Q2 rev above Wall Street expectations, but its avg sales price of $389,000 declined from $408,000 in Q1 and was lower than $426,000 a year earlier, as affordability for home buyers is an issue. Its Q2 profit of $1.81/shr nearly halved from a year earlier.

** LEN has beaten analysts' earnings expectations in six of the past eight reporting periods, per LSEG

** On Wed, shares of U.S. homebuilders including Lennar rose just after the Federal Reserve cut rates by a qtr of a percentage point at its policy meeting

** The breakdown of analyst recommendations on LEN include five "strong buy" or "buy" ratings and 15 "hold" ratings

** The median 12-mo PT on the stock is $130; the stock was last at $132.46

** LEN is up 1.1% YTD compared with a roughly 13% gain in the S&P 500 .SPX in that period