Lennar (NYSE: LEN) closed at $174 in the latest trading session, marking a -0.84% move from the prior day. This move lagged the S&P 500's daily loss of 0.2%. Meanwhile, the Dow experienced a drop of 0.15%, and the technology-dominated Nasdaq saw a decrease of 0.34%.
The homebuilder's shares have seen an increase of 1.72% over the last month, not keeping up with the Construction sector's gain of 2.3% and the S&P 500's gain of 1.93%.
The investment community will be paying close attention to the earnings performance of Lennar in its upcoming release. In that report, analysts expect Lennar to post earnings of $3.65 per share. This would mark a year-over-year decline of 6.65%. Meanwhile, the latest consensus estimate predicts the revenue to be $9.29 billion, indicating a 6.4% increase compared to the same quarter of the previous year.
For the full year, ...
