Compared to Estimates, Lennar (LEN) Q2 Earnings: A Look at Key Metrics

For the quarter ended May 2026, Lennar (LEN) reported revenue of $7.94 billion, down 5.2% over the same period last year. EPS came in at $1.31, compared to $1.90 in the year-ago quarter.The reported revenue represents a surprise of -1.64% over the Zacks Consensus Estimate of $8.07 billion. With the consensus EPS estimate being $1.23, the EPS surprise was +6.5%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Lennar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Deliveries - Average sales price - Total: $371.00 versus the four-analyst average estimate of $372.83.Active Communities - Total: 1,683 versus 1,762 estimated by four analysts on average.Backlog - Homes: 16,818 compared to the 16,889 average estimate based on three analysts.Deliveries - Homes: 20,519 versus 20,314 estimated by three analysts on average.New orders - Homes: 21,749 versus the three-analyst average estimate of 21,615.Revenue- Financial Services: $236.94 million compared to the $270.68 million average estimate based on five analysts. The reported number represents a change of -20.5% year over year.Revenue- Homebuilding- Sales of homes: $7.6 billion versus the five-analyst average estimate of $7.6 billion. The reported number represents a year-over-year change of -2.5%.Revenue- Multifamily: $63.56 million versus $116.68 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -72.4% change.Revenue- Homebuilding: $7.62 billion compared to the $7.61 billion average estimate based on three analysts. The reported number represents a change of -2.9% year over year.Revenue- Homebuilding- Sales of land: $12.4 million compared to the $32.9 million average estimate based on three analysts. The reported number represents a change of -71.3% year over year.Revenue- Lennar Other: $23.06 million versus the two-analyst average estimate of $7.49 million. The reported number represents a year-over-year change of +340.2%.Revenue- Homebuilding- Other homebuilding: $8.87 million versus $10 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -28.4% change.View all Key Company Metrics for Lennar here>>>Shares of Lennar have returned +5.7% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.7% per year. So be sure to give these hand picked 7 your immediate attention. See them 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