Lennar Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Lennar Corporation (NYSE:LEN) will unveil its latest earnings tomorrow, Tuesday, January 15, 2013.

Lennar Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 43 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 42 cents. It has been unchanged at 43 cents during the last month. Analysts are projecting profit to rise by 520.8% versus last year to $2.98.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 34 cents per share versus a mean estimate of net income of 27 cents per share.

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A Look Back: In the third quarter, profit rose more than fourfold to $87.1 million (40 cents a share) from $20.7 million (11 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 34.1% to $1.1 billion from $820.2 million.

Wall St. Revenue Expectations: Analysts are projecting a rise of 38.6% in revenue from the year-earlier quarter to $1.32 billion.

Stock Price Performance: Between October 12, 2012 and January 9, 2013, the stock price rose $5.95 (16.6%), from $35.76 to $41.71. The stock price saw one of its best stretches over the last year between June 21, 2012 and July 2, 2012, when shares rose for eight straight days, increasing 19.2% (+$5.01) over that span. It saw one of its worst periods between November 27, 2012 and December 6, 2012 when shares fell for eight straight days, dropping 6.3% (-$2.43) over that span.

Key Stats:

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 21.7% in the second quarter before climbing again in the third quarter.

Analyst Ratings: With six analysts rating the stock as a buy, two rating it as a sell and eight rating it as a hold, there are indications of a bullish outlook.

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Here’s how Lennar traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:

LEN

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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