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Lennar (LEN)
NYSE:LEN
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$1.91Last Year’s EPS
$2.57Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 18, 2024
|% Change Since: -5.16%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Lennar's strong financial position, strategic acquisitions, and efforts to adapt to challenging market conditions. However, missed sales and margin expectations, coupled with a challenging market environment, presented significant hurdles.Company Guidance
During Lennar's Q4 2024 earnings call, the company provided guidance for the first quarter of 2025, projecting new orders between 17,500 and 18,000 homes and deliveries ranging from 17,000 to 17,500 homes. The expected gross margin is set between 19% and 19.25%, reflecting the impact of increased incentives from the fourth quarter. Lennar plans to focus on maintaining volume, with projected deliveries for 2025 estimated at 86,000 to 88,000 homes. The company highlighted its strategy of pricing to market conditions and emphasized its commitment to an asset-light operating model, aiming to keep owned homesites at 1.1 years and controlled sites at 82%. Financial expectations for Q1 include a sales price around $410,000 to $415,000, SG&A at 8.7% to 8.8% of revenues, and earnings per share between $1.60 and $1.80. Overall, Lennar remains focused on executing its manufacturing model, enhancing operating efficiencies, and leveraging its strategic asset-light land position to manage inventory and drive growth.Strong Financial Position
Lennar ended the year with $4.7 billion in cash and no borrowings on its $2.9 billion revolving credit facility. The debt-to-total capital ratio was at a record low of 7.5%.
Increase in Community Count
Lennar increased its community count from 1,283 to 1,447, a 13% increase from the previous quarter and 15% from the previous year.
Strategic Acquisition and Spin-off
Lennar announced the acquisition of Rausch Coleman, expected to add 4,000 deliveries in 2025, and the spin-off of Millrose Properties to become a publicly listed land banking REIT.
Cash Flow and Shareholder Returns
Lennar repurchased 3 million shares for $521 million in Q4, bringing the total to $2.1 billion for the year, and paid $550 million in dividends.
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LEN 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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LEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 18, 2024 | $145.93 | $138.40 | -5.16% |
| Sep 19, 2024 | $191.92 | $181.69 | -5.33% |
| Jun 17, 2024 | $155.53 | $147.79 | -4.98% |
| Mar 13, 2024 | $163.92 | $151.40 | -7.64% |
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 (LEN) report earnings?
Lennar (LEN) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Lennar (LEN) earnings time?
Lennar (LEN) earnings time is at Mar 12, 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 LEN EPS forecast?
LEN EPS forecast for the fiscal quarter 2025 (Q1) is $1.91.
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