Earnings Preview: Lennar Reports Results Monday

Sep.14.11 | About: Lennar Corporation (LEN)

Lennar Corporation (NYSE:LEN) is due to report earnings before the opening bell on September 19, 2011.

Overview
LEN trades an average of 4.8 million shares per day.

Lennar Corporation, together with its subsidiaries, engages in homebuilding, financial services, and real estate businesses in the United States. The company was founded in 1954 and is based in Miami, Florida.

52-Week High: $21.54
52-Week Low: $12.39
Book Value: $14.18
Float Short: 20.19%

On average, 15 analysts are expecting a drop of $-0.25 in earnings per share compared to last quarter's results of $0.67. A beat of $0.42 per share will top the estimated mean earnings.

From a month ago, the stock has decreased in price -9.38%, with a one-year change of -10.76%. Comparing to the S&P 500 price changes, the price performances are -7.84% vs. the S&P 500 from a month ago, and the year-to-date difference is -23.77% vs. the S&P 500 price change.

Revenue year-over-year has decreased to $3.07 billion for 2010 vs. $3.12 billion for 2009. The bottom line has rising earnings year-over-year of $95.26 million for 2010 vs. $-417.15 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $124.37 million for 2010 vs. $-460.21 million for 2009.

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Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Apr-11 $ 704.00 M $ 761.02 M $ 57.02 M 8.1%
Jan-11 $ 1.10 B $ 1.10 B $ 5.10 M 0.47%
Oct-10 $ 652.82 M $ 681.73 M $ 28.91 M 4.43%
Jul-10 $ 690.03 M $ 668.76 M $ -21.27 M -3.08%
Apr-10 $ 612.98 M $ 633.59 M $ 20.61 M 3.36%
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M = millions, B = billions
Differences are rounded.
Some one-time items are often excluded in reported EPS.

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Reported earnings per share compared to the mean estimate. Differences are rounded.

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