Lennar Reports First Quarter EPS of $0.74

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Lennar Reports First Quarter EPS Of $0.74. MIAMI, March 27, 2019 /PRNewswire / — Net earnings of $239.9 million, or $0. Mar 27, 2019 6:00 AM EDT.

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Lennar has been one of the biggest winners this year after soaring almost 30% year to date. The stock was supported by a lot of hope after most homebuilders mentioned improving housing momentum.

Lennar, (NYSE:LEN), the best-in-breed homebuilder in the mid-range price of $200k to $400k is scheduled to report. share (EPS) on $1.821 billion in revenues for expected year-over-year growth of 8%.

$0.74 Missed $0.75 EPS AND $3.9 billion missed .11 Billion forecast in revenue. Earnings Lennar Corporation for the quarter ending in February, the company’s fiscal first quarter, was 74 cents a share, up 39.6% from the same period last year but 1 cent lower than consensus forecast.

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The analysts’ consensus forecast is $0.29 in earnings per share (EPS. report is due Wednesday afternoon. The analysts’ consensus estimates call for fiscal second-quarter earnings of $0.74.

Lennar (LEN) came out with quarterly earnings of $0.74 per share, missing the Zacks Consensus. These figures are adjusted for non-recurring items. This quarterly report represents an earnings.

In the third quarter earnings call, Lennar’s CEO, Stuart Miller, voiced his general optimism about a strong recovery: In the context of what continues to be a challenging U.S. housing market, we’re.

Wall Street analysts expect Lennar Co. (NYSE:LEN) to report $1.13 earnings per share for the current. The construction company reported $0.74 EPS for the quarter,

Lennar Reports First Quarter EPS of $0.74 MIAMI , March 27, 2019 /PRNewswire/ — Net earnings of $239.9 million , or $0.74 per diluted share, compared to net earnings of $136.2 million , or $0.53 per diluted share

which reduced our GAAP diluted EPS by $0.12 and $0.03, respectively. Adjusted diluted earnings per share for the quarter ended June 30, 2019 was $0.74 compared to $0.67 for the second quarter of 2018.

What Lennar and KB Home missed earnings means for the housing market This quarterly report represents an earnings surprise of 15.04%. A quarter ago. earnings of $0.74, delivering a surprise of -1.33%. Over the last four quarters, the company has surpassed consensus.

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