Here’s What to Expect From Lennar’s Next Earnings Report

Miami, Florida-based Lennar Corporation (LEN) constructs and sells single-family attached and detached homes and buys and sells residential land. Valued at $48.93 billion by market cap, the company also provides mortgage financing, title insurance, commercial real estate, investment management, and other financial services. The leading homebuilder is expected to announce its fiscal third-quarter earnings for 2024 on Thursday, Sep. 12. 

Ahead of the event, analysts expect LEN to report a profit of $3.62 per share on a diluted basis, down 7.4% from $3.91 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. During the previous quarter, the company repurchased 3.80 million shares of its common stock for $603 million at an average share price of $158.64.