Lennar (LEN) came out with quarterly earnings of $2.03 per share, missing the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $4.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.97%. A quarter ago, it was expected that this homebuilder would post earnings of $2.12 per share when it actually produced earnings of $2, delivering a surprise of -5.66%.Over the last four quarters, the company has surpa ...

财务数据关键指标变化：收入与利润 - 第四季度净收益为4.9亿美元，总营收为94亿美元[4] - 2025财年摊薄后每股净收益为7.98美元，调整后为8.06美元；净收益为21亿美元[4] - 2025财年总营收为342亿美元[4] - 公司第四季度总营收为93.68亿美元，同比下降5.8%；全年总营收为341.87亿美元，同比下降3.5%[22] - 第四季度基本及摊薄后每股收益为1.93美元，同比下降52.5%；全年每股收益为7.98美元，同比下降44.2%[22] - 第四季度摊薄后每股净收益为1.93美元，调整后为2.03美元[4] 财务数据关键指标变化：成本与利润率 - 第四季度住宅销售毛利率为17.0%，净利率为9.1%[4] - 2025财年住宅销售毛利率为17.7%，净利率为9.3%[4] - 第四季度住宅建筑业务营业利润为7.18亿美元，同比下降52.0%；全年营业利润为30.15亿美元，同比下降43.6%[22] - 第四季度住宅建筑业务净利率为8.8%（净边际收益7.85亿美元/营收88.85亿美元），去年同期为15.0%[25] - 公司预计2026财年第一季度毛利率在15.0%至16.0%之间[18] 业务线表现：住宅建筑业务 - 第四季度住宅建筑业务营收为88.85亿美元，同比下降6.9%；全年营收为322.67亿美元，同比下降4.8%[22] - 第四季度新订单同比增长18%至20,018套，交付量同比增长4%至23,034套[4] - 2025财年新订单同比增长9%至83,978套，交付量同比增长3%至82,583套[4] - 第四季度新订单数量为20,018套，同比增长18.5%；新订单总价值为75.05亿美元，同比增长4.5%[27] - 第四季度房屋交付数量为23,034套，同比增长3.7%；交付房屋平均销售价格为38.6万美元，同比下降10.2%[26] - 全年房屋交付数量为82,583套，同比增长3.0%；交付房屋平均销售价格为39.1万美元，同比下降7.6%[28] - 2025财年新订单总量为83,978套，同比增长9.1%，但订单总金额下降2.2%至319.51亿美元[29] - 新订单平均销售价格从42.5万美元下降至38.0万美元，降幅为10.6%[29] - 未合并实体新订单贡献442套，价值2.33亿美元，平均售价52.7万美元，同比套数增长40.3%[29] - 截至2025年11月30日，积压订单总量为13,936套，同比增长19.8%，但积压订单总金额下降2.4%至52.44亿美元[30] - 积压订单平均销售价格从46.2万美元下降至37.6万美元，降幅为18.6%[30] - 未合并实体积压订单79套，价值8600万美元，平均售价108.9万美元，价值同比增长34.4%[30] 业务线表现：金融服务业务 - 第四季度金融服务业务营业利润为1.34亿美元，同比下降13.4%；全年营业利润为6.12亿美元，同比增长6.1%[22] 业务线表现：多户住宅业务 - 第四季度多户住宅业务营业亏损为4420万美元，主要受Millrose交换要约一次性1.56亿美元损失影响[25] 管理层讨论和指引 - 公司预计2026财年第一季度交付量在17,000至18,000套之间，平均售价在365,000至375,000美元之间[18] 其他财务数据：资产与库存 - 公司总资产从413.13亿美元下降至344.30亿美元，降幅为16.7%[33] - 房屋建筑库存（自有及合并非自有）从197.20亿美元大幅下降至116.18亿美元，降幅为41.1%[33] - 第四季度末住宅建筑业务现金及现金等价物为34亿美元，循环信贷额度下无未偿借款[4] 其他财务数据：债务与资本结构 - 房屋建筑债务从22.58亿美元增至40.85亿美元，增幅为80.9%，导致债务占总资本比率从7.5%上升至15.7%[35] - 净房屋建筑债务占总资本比率为2.8%，而去年同期为净现金状态（-9.4%）[35] 其他重要内容：平均销售价格变化 - 第四季度平均销售价格为386,000美元，较去年同期的430,000美元下降10%[10]

Lennar Corporation (NYSE:LEN) is one of the stocks on Jim Cramer’s game plan this week. Cramer highlighted that he likes it “second best” among home builders, as he commented: “… New York Fed President John Williams is going to comment… And you better believe he’ll talk about whether or not we need more rate cuts, in face of the persistently high inflation that we have. That’s all people are going to talk about, even if it overshadows the results from one of the biggest home builders, Lennar, which is lat ...

U.S. stock futures fell on Tuesday after Monday’s lower close. Futures of major benchmark indices declined.On Monday, the Nasdaq Composite dropped more than 100 points, following a week in which the S&P 500 lost 0.6% while the Dow rose 1.1%. Traders have now turned their attention to Tuesday's economic calendar, which features the release of official payroll data for October and November alongside October retail sales. Meanwhile, the 10-year Treasury bond yielded 4.16% and the two-year bond was at 3.49%. Th ...

U.S. stock futures fell on Tuesday after Monday’s lower close. Futures of major benchmark indices declined.On Monday, the Nasdaq Composite dropped more than 100 points, following a week in which the S&P 500 lost 0.6% while the Dow rose 1.1%. Traders have now turned their attention to Tuesday's economic calendar, which features the release of official payroll data for October and November alongside October retail sales. Meanwhile, the 10-year Treasury bond yielded 4.16% and the two-year bond was at 3.49%. Th ...

Margins are important for home-builder stocks as companies have offered incentives like free upgrades to close deals. ...

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Duluth Holdings Inc. (NASDAQ:DLTH) to report a quarterly loss of 46 cents per share on revenue of $118.50 million before the opening bell, according to data from Benzinga Pro. Duluth shares gained 5.4% to $3.30 in after-hours trading.B Riley Financial Inc. (NASDAQ:RILY) reported earnings of $4.50 per share for the second quarter, versus a year-ago loss of $1 ...

公司概况与业务 - 莱纳公司是美国领先的住宅建筑商 成立于1954年 总部位于佛罗里达州迈阿密 [1] - 公司业务涵盖多个板块 包括东部、中部、德州、西部住宅建筑 金融服务 多户住宅及其他业务 [1] - 主要活动包括建造和销售独栋住宅 开发住宅用地 管理多户出租物业 并提供住宅抵押贷款融资、产权保险和交易结算服务 [1] 分析师观点与价格目标 - 莱纳公司的共识目标价在过去一年显著下降 一年前平均目标价为119.4美元 上一季度降至117.33美元 上个月进一步跌至98美元 [2] - KeyBanc分析师Kenneth Zener设定的目标价更低 为60美元 反映出更为谨慎的展望 [2] 财务表现与近期动态 - 公司正接近发布第四季度财报 面临收入下降和利润率承压的挑战 [3] - 尽管存在挑战 但订单量显著增加 这得益于刺激措施提振了需求 [3] - 第四季度财报计划于2025年12月16日市场收盘后发布 [5] 行业环境与影响因素 - 住宅建筑行业目前受到利率波动和经济不确定性的影响 [4] - 美联储预期的降息以及对2026年预期的关注 增加了经济前景的复杂性 [4] - 行业面临的挑战还包括供应链问题和监管动态 [5]

Key Takeaways Lennar is set to report Q4 results with EPS and revenues expected to decline sharply year over year.LEN guided for lower gross margins as incentives and reduced home prices aim to support volumes.New orders are projected to surge nearly 20% year over year, driving higher backlog and future revenues.Lennar Corporation (LEN) is slated to report fourth-quarter fiscal 2025 results (ended Nov. 30) on Dec. 16, after the closing bell.In the last reported quarter, the company’s adjusted earnings and t ...

Lennar Corporation (NYSE:LEN) will release earnings results for the fourth quarter after the closing bell on Tuesday.Analysts expect the company to report quarterly earnings at $2.18 per share, down from $4.03 per share in the year-ago period. The consensus estimate for Lennar’s quarterly revenue is $9.13 billion. Last year, it reported $9.95 billion in revenue, according to Benzinga Pro.On Dec. 8, Barclays analyst Matthew Bouley downgraded Lennar from Equal-Weight to Underweight and raised the price target ...