Recap: Lennar Q1 Earnings

Shares of Lennar LEN moved higher by 6% after the company reported Q1 results.

Quarterly Results

Earnings per share rose 71.62% year over year to $1.27, which beat the estimate of $0.84.

Revenue of $4,505,000,000 up by 16.47% from the same period last year, which beat the estimate of $4,160,000,000.

Conference Call Details

Date: Mar 19, 2020

Time: 01:04 PM ET

Webcast URL: https://www.webcaster4.com/Webcast/Page/1114/33485

Recent Stock Performance

Company's 52-week high was at $71.38

52-week low: $25.42

Price action over last quarter: down 42.95%

Company Overview

After merging with CalAtlantic in February 2018, Lennar has become the largest homebuilder (by revenue) in the United States. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction.