Homebuilder Lennar (NYSE:LEN) is set to report earnings, with analysts expecting revenue to decline 8.2% year on year to $9.13 billion. Adjusted earnings are forecasted at $2.18 per share. Lennar missed revenue expectations last quarter by 2.7%, reporting revenues of $8.81 billion. The company has missed Wall Street’s revenue estimates three times in the past two years. Despite this, there has been positive investor sentiment in the segment, with share prices up 9.4% on average over the last month. Lennar is up 5% during the same time and has an average analyst price target of $127.13.
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Read more at StockStory LLC: What To Expect From Lennar’s (LEN) Q4 Earnings
