Lennar Corp (NYSE: LEN) has reported E.P.S. of $4.26 for its third fiscal quarter (ending August 31) versus $3.87 for the same period a year ago — an increase of 10%. Relative to the consensus estimate of $3.62, this was a premium of $0.64. For the latest four quarters through August 31, E.P.S. were $15.08 compared to $13.50 a year ago — an increase of 12%.
Recent Price Action
On 9/19/24, Lennar Corp (NYSE: LEN) stock enjoyed a large increase of 2.1%, closing at $192.45. Moreover, above average trading volume at 123% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 8.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, LEN is expected to continue to be an important Value Builder.
Lennar has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Lennar has a good Appreciation Score of 72 and a good Power Rating of 77, producing the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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