Ahead of Lennar (LEN) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Wall Street analysts forecast that Lennar (LEN) will report quarterly earnings of $1.23 per share in its upcoming release, pointing to a year-over-year decline of 35.3%. It is anticipated that revenues will amount to $8.09 billion, exhibiting a decrease of 3.5% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 1.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.In light of this perspective, let's dive into the average estimates of certain Lennar metrics that are commonly tracked and forecasted by Wall Street analysts.The consensus estimate for 'Revenue- Financial Services' stands at $270.68 million. The estimate indicates a change of -9.2% from the prior-year quarter.The average prediction of analysts places 'Revenue- Homebuilding- Sales of homes' at $7.62 billion. The estimate indicates a change of -2.2% from the prior-year quarter.Analysts' assessment points toward 'Revenue- Multifamily' reaching $116.68 million. The estimate indicates a change of -49.3% from the prior-year quarter.It is projected by analysts that the 'Revenue- Homebuilding' will reach $7.63 billion. The estimate points to a change of -2.7% from the year-ago quarter.The consensus among analysts is that 'Deliveries - Average sales price - Total' will reach $372.83 . Compared to the present estimate, the company reported $389.00 in the same quarter last year.According to the collective judgment of analysts, 'Active Communities - Total' should come in at 1,762 . Compared to the current estimate, the company reported 1,617 in the same quarter of the previous year.The collective assessment of analysts points to an estimated 'Backlog - Homes' of 16,884 . Compared to the current estimate, the company reported 15,538 in the same quarter of the previous year.Analysts predict that the 'Deliveries - Homes' will reach 20,381 . Compared to the present estimate, the company reported 20,131 in the same quarter last year.Based on the collective assessment of analysts, 'New orders - Homes' should arrive at 21,677 . The estimate is in contrast to the year-ago figure of 22,601 .Analysts forecast 'New orders - Average sales price - Total' to reach $368.80 . The estimate compares to the year-ago value of $379.00 .The combined assessment of analysts suggests that 'Deliveries - Dollar Value - Total' will likely reach $7.62 billion. Compared to the present estimate, the company reported $7.84 billion in the same quarter last year.Analysts expect 'Backlog - Average sales price - Total' to come in at $387.65 . The estimate compares to the year-ago value of $417.00 . View all Key Company Metrics for Lennar here>>> Over the past month, Lennar shares have recorded returns of +2.4% versus the Zacks S&P 500 composite's +1.9% change. Based on its Zacks Rank #4 (Sell), LEN will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.See Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks