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Barchart
Barchart
Kritika Sarmah

What You Need to Know Ahead of Lennar Corporation's Earnings Release

LEN Lennar Lennar Corporation

With a market cap of $28.5 billion, Lennar Corporation (LEN) operates as a homebuilder primarily under the Lennar brand in the United States. Founded in 1964, the Miami, Florida-based company operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. LEN is set to report its Q2 earnings on Monday, Jun. 16.

Ahead of the event, analysts expect LEN to report an EPS of $1.98 per share, down 41.4% from a profit of $3.38 per share reported in the year-ago quarter. It has exceeded analysts' earnings estimates in three of the past four quarters, while missing on one other occasion. Its EPS of $2.14 in the recent quarter surpassed the analyst estimates by 23%.

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