Lennar (LEN) Stock Falls Amid Market Uptick: What Investors Need to Know

Lennar (LEN) ended the recent trading session at $133.27, demonstrating a -1.14% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.41%. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 0.44%. The stock of homebuilder has risen by 16.07% in the past month, leading the Construction sector's gain of 1.31% and the S&P 500's gain of 0.87%.The upcoming earnings release of Lennar will be of great interest to investors. The company is forecasted to report an EPS of $2.14, showcasing a 45.13% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $9.07 billion, reflecting a 3.7% fall from the equivalent quarter last year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.04 per share and a revenue of $35.22 billion, signifying shifts of -34.78% and -0.63%, respectively, from the last year. Any recent changes to analyst estimates for Lennar should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Lennar presently features a Zacks Rank of #5 (Strong Sell). With respect to valuation, Lennar is currently being traded at a Forward P/E ratio of 14.91. This signifies a premium in comparison to the average Forward P/E of 11.84 for its industry. It is also worth noting that LEN currently has a PEG ratio of 5.72. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. LEN's industry had an average PEG ratio of 2.59 as of yesterday's close. The Building Products - Home Builders industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 228, positioning it in the bottom 8% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. 7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lennar Corporation (LEN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks