Key TakeawaysHomebuilders shares rose after the Fed announced a 50 basis point interest rate cut Wednesday. Bank of America increased its price target for seven hombuilders by an average of 11%. Lennar will report earnings after the bell Thursday, with KB Home reporting next week. Homebuilder stocks are rising a day after the Federal Reserve kicked off its rate-cutting cycle, lowering the benchmark rate by half a percentage point. A lower federal funds rate exerts downward pressure on mortgage rates, which ...

Lennar Corporation LEN will release earnings results for its third quarter, after the closing bell on Thursday, Sept. 19.Analysts expect the Miami, Florida-based company to report quarterly earnings at $3.63 per share, down from $3.87 per share in the year-ago period. Lennar projects to report revenue of $9.16 billion for the quarter, compared to $8.45 billion a year earlier, according to data from Benzinga Pro.On June 17, Lennar reported quarterly earnings of $3.38 per share, which beat the analyst consens ...

Warren Buffett-led Berkshire Hathaway Inc.’s (BRK.B) portfolio hasn’t fared badly against the S&P 500’s return amid a higher interest rate environment. However, Buffett hopes for interest rate cuts like several market pundits as it would jack up the share price of two of his beloved housing stocks NVR, Inc. (NVR) and Lennar Corporation (LEN) . Here’s why – Freddie Mac Report: U.S. Mortgage Rates DropAccording to Freddie Mac, for the week ending Sept. 12, the 30-year fixed-rate mortgage slipped to its lowest ...

公司财报相关 - Lennar公司将在9月19日收盘后公布2024财年第三季度财报（截至8月31日）[1] - 在上个季度公司盈利和总收入分别超出Zacks共识预期5.6%和2.2%且在过去21个季度盈利超出预期在同比基础上第二财季盈利和收入分别增长15%和9%[2] - 对于即将公布的季度每股收益的Zacks共识预期在过去60天从3.63美元降至3.62美元较上年同期的3.91美元下降7.4% 收入共识预期为92.9亿美元较上年同期的87.3亿美元增长6.4%[3] 公司业绩预测相关 - Zacks模型显示公司此次没有盈利超出预期的可能公司盈利ESP为0.00% Zacks排名为3 [4] - 公司第三财季房屋销售预计因交付量增加较上年同期有所增长公司一直受益于注重生产和销售速度而非价格的稳健运营策略土地轻量化策略以及有利的定价和产品组合模型预测本季度房屋销售同比增长5.4%至87.3亿美元房屋建筑收入预计为87.6亿美元同比增长5.3%[5] - 公司预计本季度交付房屋20570套较一年前的18559套增长10.8%预计交付房屋的平均售价为424410美元较一年前的448000美元有所下降预计新订单为20795套较一年前增长5.7%模型预测积压房屋为18098套或85.1亿美元较上年同期的21321套或98.5亿美元有所下降[6][7] - 预计本季度房屋建筑销售总务和管理（SG&A）费用占房屋销售的比例为7.5%较上年同期的7%有所上升金融服务运营收益预计为139.9百万美元较上年同期的149百万美元有所下降[8] 公司股票表现相关 - 公司股票今年迄今（YTD）上涨24.7%低于Zacks建筑产品 - 房屋建筑行业同期28%的涨幅也低于同行公司如D.R Horton（28.2%）NVR（33.9%）和PulteGroup（35.2%）[9] - 公司股票交易价格较行业略高估值偏高[10] 公司发展战略相关 - 公司适应波动市场条件的能力体现在2024年前两个季度的表现中尽管可负担性和市场波动等挑战依然存在但公司专注于轻资产模式和持续生产应能使其在2024年及以后继续取得成功公司计划将土地资产分拆成一家新的上市公司以进一步增强其财务状况[11] - 尽管利率在6.75%到7.3%之间波动公司通过提供利率补贴和降价等激励措施来减轻可负担性担忧公司专注于“均匀流”制造模式强调持续生产和成本降低从而实现更好的现金流和利润率公司在第二财季末保持7.7%的低债务资本比率为历史最低[12] - 低住房库存和有利的人口趋势预计将推动房屋建筑市场的增长本月预期的降息可能会进一步推动住房市场提升像Lennar以及D.R. Horton、PulteGroup和NVR等同行的前景但利率削减幅度和通货膨胀的不可预测性继续影响住房市场的强度公司需要在定价和生产策略上保持灵活性土地资产分拆和其他战略举措仍在进行中这增加了复杂性和临时成本压力[13]

Shares of homebuilder Lennar Corp (NYSE:LEN) are hitting record highs today, as they head for their sixth gain in the last seven days. At last glance, the stock was up 0.8% to trade at $187.47, earlier hitting a peak of $188.10. Since the start of 2024, LEN is up 25.7%. Falling mortgage rates put the housing sector in focus ahead of the U.S. Federal Reserve's interest rate decision this week, with Zillow Group (Z) receiving an upgrade earlier this morning. Lennar's earnings report is coming up too, due out ...

Analysts on Wall Street project that Lennar (LEN) will announce quarterly earnings of $3.62 per share in its forthcoming report, representing a decline of 7.4% year over year. Revenues are projected to reach $9.29 billion, increasing 6.4% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings annou ...

Brett_HondowThe housing market has been surprisingly strong in this interest rate cycle. The strong demand for new homes coupled with a chronic supply shortage has paved the way for homebuilders to enjoy robust sales growth, healthy margins, and improved profitability. Leading U.S. homebuilders have been the biggest winners in this cycle. Although I invested in a few homebuilders back in 2020 during the Covid crash, I distanced myself from this industry last year as I thought growth would be limited. A ...

Lennar (LEN) closed the latest trading day at $180.23, indicating a +0.02% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.45%. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq added 0.84%.Shares of the homebuilder have appreciated by 7.3% over the course of the past month, outperforming the Construction sector's gain of 1.61% and the S&P 500's gain of 2.54%.The upcoming earnings release of Lennar will be of great interest to investors. The ...

jetcityimage Introduction Lennar (NYSE:LEN) has significantly outperformed the iShares U.S. Consumer Discretionary ETF (IYC) so far in 2024, delivering a circa 23% total return against the ~ 11% gain for the benchmark ETF: LEN vs IYC in 2024 (Seeking Alpha) I think the company has further upside, driven on the one hand by a sector-wide tailwind which will come from lower mortgage rates as the Fed normalizes policy, but also by an undemanding ~13x P/E multiple and a net cash position that provide a significa ...

Interest rates could soon fall. And these two Buffett stocks could soon fly even higher.Warren Buffett hasn't fared too badly since the Federal Reserve began raising interest rates in March 2022. Shares of Berkshire Hathaway are up more than the S&P 500 during the higher-rate environment. However, Buffett is probably hoping for lower rates as many investors are. Some of the stocks in his Berkshire Hathaway portfolio could especially benefit from a positive move by the Federal Reserve. Here are two Buffett s ...