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Lennar (GB:0JU0)
LSE:0JU0
Earnings Data
Report Date
Jun 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.97Last Year’s EPS
3.32Same Quarter Last Year
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: -8.32%
|Next Earnings Date:Jun 24, 2025
Earnings Call Sentiment|Neutral
Lennar's earnings call reflects a mixed sentiment with strong strategic moves such as the Millrose spin-off and Rausch Coleman acquisition being overshadowed by the challenging macroeconomic environment, decreased gross margins, and continued margin pressure.Company Guidance
During Lennar's first quarter earnings call for fiscal year 2025, the company provided limited guidance for the second quarter. They expect to sell between 22,500 and 23,500 homes and deliver between 19,500 and 20,500 homes, with an anticipated gross margin of approximately 18%, reflecting continued margin pressure due to market conditions. The average sales price for Q2 is projected to be between $390,000 to $400,000 as they aim to meet affordability challenges. Sales incentives have risen to about 13%, affecting the gross margin, which was 18.7% in Q1. The company maintains a focus on turning inventory into cash and anticipates that SG&A will be in the range of 8% to 8.2%. Financial services earnings are projected to be between $135 million and $145 million. Lennar remains committed to an asset-light, land-light strategy, aiming to deliver consistent volume and maximize operational efficiencies.Strong Cash Position and Liquidity
Lennar ended the quarter with $2.3 billion in cash and no borrowings on a $3 billion revolving credit facility, providing total liquidity of approximately $5.3 billion.
Completion of Millrose Spin-off
Successfully spun off $5.6 billion of land representing 87,000 home sites and $1 billion of cash, marking a significant step in the asset-light strategy.
Rausch Coleman Acquisition
Lennar completed the acquisition of Rausch Coleman Homes, expanding its footprint into both new and existing markets.
Improvements in Direct Construction Costs
Direct construction costs decreased by 2.5% year-over-year to the lowest since Q3 of 2021, with expectations for continued reductions.
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GB:0JU0 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:0JU0 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 20, 2025 | $120.46 | $115.17 | -4.39% |
| Dec 18, 2024 | $148.77 | $138.47 | -6.92% |
| Sep 19, 2024 | $190.28 | $182.18 | -4.26% |
| Jun 17, 2024 | $155.33 | $147.79 | -4.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lennar (GB:0JU0) report earnings?
Lennar (GB:0JU0) is schdueled to report earning on Jun 24, 2025, TBA Not Confirmed.
What is Lennar (GB:0JU0) earnings time?
Lennar (GB:0JU0) earnings time is at Jun 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Lennar stock?
The P/E ratio of Lennar is N/A.
What is GB:0JU0 EPS forecast?
GB:0JU0 EPS forecast for the fiscal quarter 2025 (Q2) is 1.97.
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