Lennar Corporation (LEN) to Release Quarter 2 Numbers

Last Updated: Friday, June 17, 2022 4:15 PM | InvestorsObserver Analysts

What's Happening with LEN

Lennar Corporation (LEN) is scheduled to report Quarter 2 numbers before the market open on June 21. Analysts forecast earnings of $1.04 per share for the quarter. During the same period last year the company earned $0.78, and the stock is down -42.2% on the year.

Technical Analysis

LEN was recently trading at $64.63 down $52.91 from its 12-month high and $2.09 above its 12-month low. InvestorsObserver gives LEN a 56 long-term technical score and a 30 short-term technical score. The stock has recent support above $58.15 and recent resistance below $76. Of the 11 analysts who cover the stock 7 rate it Strong Buy, 1 rate it Buy, 2 rate it Hold, 0 rate it Sell, and 1 rate it Strong Sell, LEN gets an overall score of 43 from InvestorsObserver.

Analysts' Thoughts

LEN has shown annual earnings growth of 12.61% over the last five years, and looking ahead analysts expect the company to grow profits 23.70% per annum the next five years. Last quarter the company posted worse than expected EPS and this quarter the street expects $1.04 EPS. LEN is currently trading at $64.63 with an average price target of $113.06.

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