Analyst Takes A Cautious View On Lennar Ahead Of Q1 Earnings - Here's Why

Wedbush analyst Jay McCanless reiterated a Neutral rating on Lennar Corporation (NYSE:LEN) ahead of its first quarter FY25 earnings release on March 20.

For the first quarter, the analyst estimates EPS of $1.70 versus the Refinitiv consensus estimate of $1.75 and revenue of $7.5 billion (+3% YoY vs. cons. of +2% YoY). The estimates do not account for the recent Millrose Properties spin-off.

Also, McCanless expects a 2% YoY decrease in orders to 17.8k homes for the quarter, in line with the consensus.

The analyst sees total ...