For its fourth fiscal quarter (ending November 30), Lennar Corp (NYSE: LEN) has reported a 6% increase in E.P.S. from $4.56 a year ago to $4.82 in the current quarter. This performance was $0.22 better than the consensus estimate of $4.60. For the latest four quarters through November 30, E.P.S. were $13.73 versus $15.74 for the same period a year ago — a decline of -13%.
Recent Price Action
On 12/14/23, Lennar Corp (NYSE: LEN) stock enjoyed a very large increase of 6.6%, closing at $154.81. Moreover, exceptionally high trading volume at 246% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 14.4% during the last week.
Current PriceTarget Research Rating
LEN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Lennar has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Lennar has a very high Appreciation Score of 88 and a very high Power Rating of 91, leading to 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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