Lennar Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Lennar Corporation LEN is expected to release earnings results for its first quarter, after the closing bell on March 13, 2024.

Analysts expect the Miami, Florida-based company to report quarterly earnings at $2.20 per share, up from $2.06 per share in the year-ago period. Lennar is projected to report quarterly revenue of $7.39 billion, according to data from Benzinga Pro.

On Jan. 9, Lennar increased its dividend and announced an additional $5 billion repurchase authorization.

Lennar shares gained 1.1% to close at $165.97 on Tuesday.

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.

• Wedbush analyst Jay McCanless reiterated a Neutral rating with a price target of $130 on March 5, 2024. This analyst has an accuracy rate of 87%.
• Raymond James analyst Buck Horne maintained an Outperform rating and boosted the price target from $150 to $165 on Dec. 19, 2023. This analyst has an accuracy rate of 74%.
• RBC Capital analyst Mike Dahl maintained an Underperform rating and raised the price target from $114 to $137 on Dec. 18, 2023. This analyst has an accuracy rate of 75%.
• Barclays analyst Matthew Bouley maintained an Overweight rating and raised the price target from $132 to $165 on Dec. 13, 2023. This analyst has an accuracy rate of 79%.
• Wells Fargo analyst Sam Reid maintained an Overweight rating and boosted the price target from $123 to $130 on Nov. 8, 2023. This analyst has an accuracy rate of 82%.

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