Lennar Reports Better Than Expected Q4 Results 
<p><a href='https://financialmodelingprep.com/financial-summary/LEN'>Lennar Corp. (NYSE:LEN)</a> reported its Q4 results on Tuesday, with EPS coming in at $2.12, beating the Street estimate of $1.55. Revenue was $6.49 billion, coming in significantly above the Street estimate of $5.91 billion.</p>
<p>The company anticipates receiving new orders between 16,000 and 17,000, delivering between 15,000 and 16,000 units, and selling at an average price range of $435,000 to $445,000 for Q2/23. Additionally, for the entire year, the company expects deliveries to fall within the 62,000 to 66,000 range.</p>
<p>According to the analysts at RBC Capital, results and guidance were solid, and they believe the company is executing well with a strong cash flow focus, but recent trends and the rapidly evolving current dynamics keep them cautious. The analysts maintained its Underperform though their target moved up to $85 from $76.</p>

NYSE:LEN