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published in Blogs
Oct 02, 2019

Lennar Corp. (LEN, $56.49) beats Q3 earnings & revenue expectations, on strong home demand and low interest rates

On Wednesday, Lennar Corp. reported  third-quarter earnings that surpassed analysts' expectations.

The home construction company’s earnings for the quarter came in at $1.59 a share, exceeding analysts’ estimate of $1.32 a share. The earnings were also higher than the year-ago quarter’s $1.37 a share.

Revenue of  $5.44 billion also came in higher than analysts' forecasts of $5.32 billion. It was a growth from last year's $5.29 billion.

The number of completed homes that the company handed over to occupants increased +7% to around 13,522.  Orders for new homes rose +7% to 14,469.

Lennar indicated that it benefited from demand for new homes among consumers amidst lower mortgage rates, which in turn is a boost to homebuilding cash flow.  

 

Related Ticker: LEN

LEN in -0.21% downward trend, sliding for three consecutive days on February 28, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where LEN declined for three days, in of 272 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

LEN broke above its upper Bollinger Band on February 29, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 28, 2024. You may want to consider a long position or call options on LEN as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for LEN just turned positive on February 29, 2024. Looking at past instances where LEN's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LEN advanced for three days, in of 322 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 332 cases where LEN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. LEN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 53, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.675) is normal, around the industry mean (6.180). P/E Ratio (11.545) is within average values for comparable stocks, (88.673). Projected Growth (PEG Ratio) (1.339) is also within normal values, averaging (1.399). LEN has a moderately low Dividend Yield (0.010) as compared to the industry average of (0.043). P/S Ratio (1.312) is also within normal values, averaging (75.155).

Notable companies

The most notable companies in this group are DR Horton (NYSE:DHI), Lennar Corp (NYSE:LEN), Pultegroup (NYSE:PHM), KB Home (NYSE:KBH).

Industry description

Homebuilding includes companies residential home construction companies, renovators and repair firms. The companies may be building single-family or multifamily homes, condominiums or mobile homes. Over the five years to 2019, the Home Builders industry is estimated to have grown at an annualized rate of 2.5% to reach $89.4 billion, (including expected growth of 2.6% in 2019), according to a study by IbisWorld. After having suffered one of its worst crises a decade ago during the last macroeconomic recession–which had much of its origins in U.S. real estate – the homebuilding industry has been recovering steadily so far. Higher disposable incomes and improving economic activity have bolstered consumers’ purchases of homes. While revenue of the Home Builders industry remains well below its prerecession high, demand growth estimates show promise.

Market Cap

The average market capitalization across the Homebuilding Industry is 6.59B. The market cap for tickers in the group ranges from 66.68K to 49.59B. DHI holds the highest valuation in this group at 49.59B. The lowest valued company is ASCK at 66.68K.

High and low price notable news

The average weekly price growth across all stocks in the Homebuilding Industry was 1%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was 13%. DFH experienced the highest price growth at 14%, while DREM experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the Homebuilding Industry was 61%. For the same stocks of the Industry, the average monthly volume growth was 23% and the average quarterly volume growth was 73%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 38
P/E Growth Rating: 33
Price Growth Rating: 43
SMR Rating: 54
Profit Risk Rating: 52
Seasonality Score: -22 (-100 ... +100)
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LENDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a builder of residential buildings and provides residential mortgage, title and closing services

Industry Homebuilding

Profile
Fundamentals
Details
Industry
Homebuilding
Address
5505 Waterford District Drive
Phone
+1 305 559-4000
Employees
12284
Web
https://www.lennar.com
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LEN and

Correlation & Price change

A.I.dvisor indicates that over the last year, LEN has been closely correlated with DHI. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if LEN jumps, then DHI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To LEN
1D Price
Change %
LEN100%
+3.06%
DHI - LEN
92%
Closely correlated
+2.37%
TOL - LEN
88%
Closely correlated
+2.20%
PHM - LEN
88%
Closely correlated
+1.83%
KBH - LEN
87%
Closely correlated
+3.86%
TMHC - LEN
83%
Closely correlated
+2.48%
More
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