Lennar Corp. (LEN) Tops Q2 EPS by 26c

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September 19, 2024 4:35 PM EDT

Lennar Corp. (NYSE: LEN) reported Q2 EPS of $3.90, $0.26 better than the analyst estimate of $3.64. Revenue for the quarter came in at $9.42 billion versus the consensus estimate of $9.16 billion.

New orders increased 5% to 20,587 homes

Guidance

The following are the Company's expected results of its homebuilding and financial services activities for the fourth quarter of 2024:

New Orders

19,000 - 19,300

Deliveries

22,500 - 23,000

Average Sales Price

About $425,000

Gross Margin % on Home Sales

Flat with Q3

S,G&A as a % of Home Sales

6.7% - 6.8%

Financial Services Operating Earnings

$140 million

For earnings history and earnings-related data on Lennar Corp. (LEN) click here.


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