Lennar Likely To Report Lower Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Lennar Corporation LEN is expected to report its earnings results for the second quarter ended May 31, 2023 after the closing bell on June 14, 2023.

Analysts expect the company to post quarterly earnings at $2.31 per share, down from year-ago earnings of $4.49 per share. The company’s revenue might come in at $7.17 billion.

Lennar shares rose 1.1% to close at $115.40 on Monday.

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 price target of $94 on June 9, 2023. This analyst sees around 19% downside in the company’s stock and 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 sees around 9% downside in the company’s stock and has an accuracy rate of 74%.
• Citigroup analyst Anthony Pettinari maintained a Buy rating and increased the price target from $113 to $123 on March 21, 2023. This analyst sees around 7% upside in the company’s stock and has an accuracy rate of 78%.
• Keefe, Bruyette & Woods analyst Jade Rahmani maintained an Outperform rating and increased the price target from $126 to $130 on March 21, 2023. This analyst sees around 13% upside in the company’s stock and has an accuracy rate of 71%.
• UBS analyst John Lovallo maintained a Buy rating and boosted the price target from $117 to $127 on March 16, 2023. This analyst sees around 10% upside in the company’s stock and has an accuracy rate of 70%.

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