Lennar Likely To Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Lennar Corporation LEN is expected to report its financial results for the third quarter ended Aug. 31, 2023, after the closing bell on Sept. 14, 2023.

Analysts expect the company to post quarterly earnings at $3.51 per share, down from year-ago earnings of $5.03 per share. The company’s revenue might come in at $8.45 billion, compared to $9.01 billion in the year-ago period.

Lennar shares fell 0.5% to close at $115.97 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Anthony Pettinari maintained a Buy rating and cut the price target from $148 to $139 on Sept. 11, 2023. This analyst has an accuracy rate of 78%.
• Raymond James analyst Buck Horne upgraded the stock from Market Perform to Outperform with a price target of $150 on July 14, 2023. This analyst has an accuracy rate of 72%.
• Evercore ISI Group analyst Stephen Kim maintained an Outperform rating and boosted the price target from $153 to $161 on June 16, 2023. This analyst has an accuracy rate of 79%.
• Wedbush analyst Jay McCanless maintained a Neutral rating and increased the price target from $94 to $123 on June 15, 2023. This analyst has an accuracy rate of 83%.
• Deutsche Bank analyst Nishu Sood initiated coverage on the stock with a Sell rating and a price target of $105 on June 1, 2023. This analyst has an accuracy rate of 74%.

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