Lennar Corp. - Ordinary Shares - Class A

NYSE:LEN   3:59:58 PM EDT
105.50
-1.50 (-1.40%)
4:00:00 PM EDT: $105.62 +0.12 (+0.11%)
Other Pre-Announcement

Lennar Corp Reports Fourth Quarter EPS Of $2.82

Published: 12/16/2020 22:47 GMT
Lennar Corp. - Ordinary Shares - Class A (LEN) - Q4 Earnings per Share $2.82.
Q4 Earnings per Share Estimate $2.37 -- Refinitiv Ibes Data (analyst estimates).
Qtrly Deliveries of 16,090 Homes - Down 2%.
Qtrly New Orders of 15,214 Homes - Up 16%.
Qtrly New Orders Dollar Value of $6.3 Billion - Up 22%.
Revenues From Home Sales Decreased 2% in Q4 of 2020 to $6.3 Billion From $6.4 Billion in Q4 of 2019.
Backlog at Quarter End of 18,821 Homes - Up 21%.
New Home Deliveries, Excluding Unconsolidated Entities, Decreased to 16,038 Homes in Q4 of 2020.
Sees Q1 New Orders 14,500 - 14,800.
Average Sales Price of Homes Delivered, Excluding Unconsolidated Entities, Remained Consistent at $393,000 in Q4 of 2020.
Gross Margins on Home Sales Were $1.6 Billion, Or 25.0%, in Q4 of 2020.
Sees 2021 Deliveries of 62,000 - 64,000 Homes.
Sees Q1 Deliveries of 12,200 - 12,500 Homes.
Q4 Revenue View $6.65 Billion -- Refinitiv Ibes Data (analyst estimates).
Qtrly Revenues of $6.8 Billion Down 2%.