StreetInsider.com News Articles

Evercore ISI Reiterates Underperform Rating on Lennar (LEN)

Sun, 14 Jun 2026 08:09:34 -0400

Evercore ISI analyst Stephen Kim reiterated an Underperform rating and $87.00 price target on Lennar (NYSE: LEN) following last week's earnings.

The analyst commented, "Overall, LEN’s results were largely consistent with our expectations, and we view the modest slowdown in volume guidance positively, as it should aid a continued trend lower in incentives while still maintaining a largely even-flow production model. The company reiterated that gross margins should trend higher in 2H26 despite the higher cost burden from its land bank strategy. Meanwhile, the company’s technology investments should drive a downward trend in SG&A and corporate expenses, although the timing of

UBS Reiterates Neutral Rating on Lennar (LEN) Following Q2 Results

Fri, 12 Jun 2026 09:35:06 -0400

UBS analyst John Lovallo reiterated a Neutral rating and $107.00 price target on Lennar (NYSE: LEN).

The analyst commented, "LEN reported FY2Q26 adj. EPS of $1.31, slightly ahead of UBSe of $1.28, but in-line with cons of $1.31. However, core homebuilding operating results were roughly -5% below UBSe, driven by slightly softer revenue and margins. Specifically, FY2Q home sales revenue of $7.60bn (UBSe $7.67bn; Cons. $7.70bn) was somewhat below forecast, as was gross margin of 15.6% (UBSe 15.8%, Cons. 15.7%). Additionally, SG&A as a % of home sales revenue of 9.2% (UBSe 9.0%, Cons. 9.0%) drove a homebuilding operating margin (incl.

Form 8-K LENNAR CORP /NEW/ For: Jun 12

Fri, 12 Jun 2026 09:01:00 -0400

si-local-file:///var/storage/secattach/20260612/26638738.html

Form 8-K LENNAR CORP /NEW/ For: Jun 12

Fri, 12 Jun 2026 09:01:00 -0400

si-local-file:///var/storage/secattach/20260612/26638738.html

Form 8-K LENNAR CORP /NEW/ For: Jun 12

Fri, 12 Jun 2026 09:01:00 -0400

si-local-file:///var/storage/secattach/20260612/26638738.html

Lennar misses estimates as housing headwinds persist

Thu, 11 Jun 2026 17:35:15 -0400

Investing.com -- Lennar Corporation (NYSE:LEN) reported second quarter earnings that fell short of Wall Street expectations as the homebuilder navigated persistent affordability challenges and elevated mortgage rates.

The company posted adjusted earnings per share of $1.31 for the quarter ended May 31, 2026, excluding mark-to-market losses on technology investments, while reported EPS came in at $1.24, missing the analyst estimate of $1.25. Revenue declined 2% YoY to $7.9 billion from $7.8 billion, falling short of the $8 billion consensus. Home deliveries increased 2% YoY to 20,519 homes, though the average sales price dropped 5% to $371,000 from $389,000

Form 8-K LENNAR CORP /NEW/ For: Jun 11

Thu, 11 Jun 2026 16:49:00 -0400

si-local-file:///var/storage/secattach/20260611/26636510.html

Form 8-K LENNAR CORP /NEW/ For: Jun 11

Thu, 11 Jun 2026 16:49:00 -0400

si-local-file:///var/storage/secattach/20260611/26636510.html

Form 8-K LENNAR CORP /NEW/ For: Jun 11

Thu, 11 Jun 2026 16:49:00 -0400

si-local-file:///var/storage/secattach/20260611/26636510.html

Lennar Corp. (LEN) Misses Q2 EPS by 1c

Thu, 11 Jun 2026 16:47:21 -0400

Lennar Corp. (NYSE: LEN) reported Q2 EPS of $1.24, $0.01 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $7.9 billion versus the consensus estimate of $8 billion.

Guidance

The following are the Company's expected results of its homebuilding and financial services activities for the third quarter of 2026:

New Orders - 21,000 - 22,000

Deliveries - 20,500 - 21,500

Average Sales Price - $375,000 - $380,000

Gross Margin % on Home Sales - Approximately 16%

SG&A as a % of Home Sales - 8.8% - 9.0%

Financial Services Operating Earnings - $95 million - $100 million

For earnings history and earnings-related data on

Lennar Corp. (LEN) Misses Q2 EPS by 1c

Thu, 11 Jun 2026 16:47:21 -0400

Lennar Corp. (NYSE: LEN) reported Q2 EPS of $1.24, $0.01 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $7.9 billion versus the consensus estimate of $8 billion.

Guidance

The following are the Company's expected results of its homebuilding and financial services activities for the third quarter of 2026:

New Orders - 21,000 - 22,000

Deliveries - 20,500 - 21,500

Average Sales Price - $375,000 - $380,000

Gross Margin % on Home Sales - Approximately 16%

SG&A as a % of Home Sales - 8.8% - 9.0%

Financial Services Operating Earnings - $95 million - $100 million

For earnings history and earnings-related data on

Lennar Reports Second Quarter 2026 Results

Thu, 11 Jun 2026 16:45:00 -0400