For its first fiscal quarter (ending February 28), Lennar Corp (NYSE: LEN) has reported a 25% increase in E.P.S. from $2.06 a year ago to $2.57 in the current quarter. This performance was $0.08 better than the consensus estimate of $2.49. E.P.S. were $14.27 for the latest four quarters through February 28 versus $16.16 for the same period a year ago — a decline of -12%.
Recent Price Action
Lennar Corp (NYSE: LEN) stock closed at $165.50 on 3/13/24 after a slight decline of -0.3%. Moreover, this decline was accompanied by unusually high trading volume at 176% of normal. The stock has risen 3.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Lennar has a good Appreciation Score of 75 and a very high Power Rating of 95, with the Highest Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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