S&P 500 (NYSE:SPY) component Lennar Corp (NYSE:LEN) will unveil its latest earnings on Tuesday, March 27, 2012. Lennar builds affordable move-up and retirement homes primarily under the Lennar brand name throughout the United States.
Lennar Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 5 cents per share, a swing from net loss of 6 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from 7 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 5 cents during the last month. Analysts are projecting profit to rise by 60.4% compared to last year’s 77 cents.
Past Earnings Performance: Last quarter, the company fell short of estimates by 0 cents, coming in at net income of 16 cents per share against a mean estimate of profit of 17 cents. The company fell in line with expectations in the third quarter of the last fiscal year.
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Wall St. Revenue Expectations: Analysts predict a rise of 25.6% in revenue from the year-earlier quarter to $700.8 million.
Analyst Ratings: Analysts are bullish on this stock, with eight analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.
A Look Back: In the fourth quarter of the last fiscal year, profit fell 5.5% to $30.3 million (15 cents a share) from $32 million (17 cents a share) the year earlier, missing analyst expectations. Revenue rose 10.8% to $952.7 million from $860.1 million.
A year-over-year revenue increase in the fourth quarter of the last fiscal year ended a streak of three consecutive quarters of revenue declines. Revenue fell 0.6% in the third quarter of the last fiscal year, 6.1% in the second quarter of the last fiscal year and 2.9% in the first quarter of the last fiscal year.
Stock Price Performance: Between December 22, 2011 and March 21, 2012, the stock price rose $7.08 (36.2%), from $19.54 to $26.62. The stock price saw one of its best stretches over the last year between August 23, 2011 and August 31, 2011, when shares rose for seven straight days, increasing 15.7% (+$1.99) over that span. It saw one of its worst periods between February 13, 2012 and February 22, 2012 when shares fell for seven straight days, dropping 7.8% (-$1.87) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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