Lennar Corporation Reported Q3 Results, with 100% EPS Growth
<p><a href='https://financialmodelingprep.com/financial-summary/LEN'>Lennar Corporation (NYSE:LEN) </a>reported its Q3 results, with quarterly EPS growing 100% year-over-year to $4.52. Excluding the mark to market adjustments, the EPS was $3.27, a bit lower than the Street estimate of $3.28.</p>
<p>The company’s guided Q4/21 orders of 15,200-15,400 (+0-1%) came in lower than the consensus estimate of +7%.</p>
<p>Analysts at RBC Capital increased their price target on the company’s shares to $102 from $100, raising their 2021 EPS estimate to $14.51 from $13.47, driven entirely by the Q3 MTM gains with core Q4 coming down.</p>
<p>The brokerage said it remains Sector Perform on the company against a backdrop of lower visibility into 2022, given the risk of demand deceleration, supply constraints, and a push-out of SpinCo timing.</p>

NYSE:LEN