Lennar stock price rises by 1.2%, outperforming S&P 500

From MarketWatch: 2024-05-24 18:15:08

In the recent trading session, Lennar’s stock stood at $156.38, marking a +1.2% shift from the previous day and outpacing the S&P 500. The stock has climbed by 1.13% in the past month, below the Construction sector and S&P 500 gains.

Investors await Lennar’s earnings release, expecting $3.20 per share and $8.54 billion in revenue. Analysts forecast full-year earnings of $14.46 per share and revenue of $35.78 billion. Positive estimate revisions indicate optimism about the company’s outlook and potential stock price performance.

Lennar currently holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 10.69, trading at a premium compared to the industry average. The Building Products – Home Builders industry has a PEG ratio of 1.44 and an industry rank of 17 in the top 7% of all industries. Monitor stock-moving metrics on Zacks.com for upcoming trends.

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Read more at MarketWatch: Lennar (LEN) Outpaces Stock Market Gains: What You Should Know