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Lennar Corp. (LEN) Tops Q2 EPS by 57c

December 14, 2023 4:35 PM EST

Lennar Corp. (NYSE: LEN) reported Q2 EPS of $5.17, $0.57 better than the analyst estimate of $4.60. Revenue for the quarter came in at $11 billion versus the consensus estimate of $10.22 billion.

Guidance

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

First Quarter 2024

Fiscal Year 2024

New Orders

17,500 - 18,000

Deliveries

16,500 - 17,000

80,000

Average Sales Price

About $420,000

Gross Margin % on Home Sales

21.0% - 21.25%

S,G&A as a % of Home Sales

8.0% - 8.2%

Financial Services Operating Earnings

$85 million - $90 million

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



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