Lennar Corporation (LEN-B)
NYSE NYSE Primary 
Lennar Q3 earnings fall as homebuilder cuts annual delivery target
Lennar Corp (NYSE:LEN) reported a 52% drop in third-quarter net earnings and lowered its annual delivery target. Net earnings fell to $284 million, or $1.19 per diluted share, from $591 million, or $2.29, a year earlier.
Lennar Q3 Earnings Miss Estimates on Housing Weakness, Revenues Lag
LEN stock falls as Q3 earnings and revenues miss estimates and decline year over year. Weaker deliveries, pricing and margins reflect continued housing demand pressures.
Lennar (LEN) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Lennar (LEN) give a sense of how its business performed in the quarter ended August 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Lennar (LEN) Lags Q3 Earnings and Revenue Estimates
Lennar (LEN) came out with quarterly earnings of $1.23 per share, missing the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $2 per share a year ago.
Lennar Cuts Deliveries Target Again on Rate Pressure, Housing Market Conditions
The homebuilding company said it expects full-year home deliveries of between 80,000 and 81,000 homes. That is down from its previous guidance for 82,000 to 83,000 deliveries, and below the 82,300 analysts polled by FactSet were expecting.
Higher Mortgage Rates Are Test for Lennar. Watch the Home Builder's Margins.
As mortgage rates rise, builders use incentives to boost home sales at the expense of their margins.
Here's What Investors Must Know Ahead of Lennar's Q3 Earnings
LEN's Q3 results face pressure from affordability challenges, lower home prices and margins, with orders and earnings expected to decline.
Lennar Q3 Earnings Preview: The Bridge Is Swaying
Lennar maintains a Buy rating, supported by Berkshire Hathaway's increasing stake and a resilient, asset-light balance sheet. Berkshire's position in LEN grew by 30% in Q2, while its outright acquisition of Taylor Morrison signals deepened conviction in homebuilding. LEN's Q2 saw gross margins improve to 15.6% and sales incentives decline to 12.9%, but revenue and volume guidance were cut amid rising mortgage rates.
Analysts Estimate Lennar (LEN) to Report a Decline in Earnings: What to Look Out for
Lennar (LEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Millrose Properties: New Builder Capital Earns 210 Basis Points More
Millrose's non-Lennar invested capital earns 10.6%, compared with 8.5% on the legacy Lennar portfolio. At $30.78, the shares trade near 0.87 times June book value and offer a 10.0% annualized dividend yield. The $0.77 quarterly dividend consumed all second-quarter AFFO, leaving little room for credit losses, higher interest expense, or slower redeployment.
Lennar (LEN) Registers a Bigger Fall Than the Market: Important Facts to Note
In the closing of the recent trading day, Lennar (LEN) stood at $80.37, denoting a -3.84% move from the preceding trading day.
Lennar: Below Book Value Ahead Of Q3 Earnings
Lennar Corporation is trading at a deep discount, 12% below its 200-day SMA and at 0.98x P/B, amid widespread sector downgrades. Despite weaker ROE (7.24%) and ROIC (5.83%) versus D.R. Horton, LEN is seeing substantial institutional accumulation in dark pools near its lows. LEN's low debt/equity ratio (0.29) and 2.28% yield support a patient holding strategy while the market remains bearish.
