Earnings Alerts

Lennar Corp A (LEN) Earnings: 4Q New Orders Fall Short as 3Q Earnings Reveal Mixed Results

By September 19, 2025 No Comments
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  • Lennar’s forecast for new orders in 4Q is between 20,000 to 21,000 units, which is below the estimated 21,047.
  • Expected deliveries for the same period are 22,000 to 23,000, falling short of the estimate of 25,656.
  • Third quarter earnings per share (EPS) came in at $2.29, significantly lower than $4.26 year over year (y/y).
  • Revenue for the third quarter was $8.81 billion, marking a 6.4% decrease year over year, and below the estimated $9.05 billion.
  • Net new orders in the third quarter increased by 12% y/y, reaching 23,004, surpassing the estimate of 22,433.
  • Backlog was almost unchanged y/y at 16,953, slightly ahead of the estimate of 15,339.
  • The average sales price was reduced to $383,000 due to additional incentives, reflecting strategic adaptations to soft market conditions.
  • Gross margin fell to 17.5%, with SG&A expenses accounting for 8.2% of the costs.
  • Lennar’s strategy includes a focus on scale and technology investments to enhance structural cost efficiencies.
  • There were 5 buy ratings, 16 hold ratings, and no sell ratings for Lennar stock offerings at the time.

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Lennar Corp A on Smartkarma

Analysts on Smartkarma are providing valuable insights on Lennar Corp A, a major player in the housing market. Baptista Research, through their research reports, has highlighted key aspects of Lennar’s strategic initiatives and financial performance. In one report titled “Lennar Corporation: Asset-Light Strategy & Land Management to Support Sustainable Growth Momentum!” analysts delve into the challenges and opportunities facing Lennar amidst a shifting market. The report emphasizes Lennar’s focus on volume sustainability, operational restructuring, and investment in technology to enhance operational efficiency.

Another report by Baptista Research, “Is Lennar the Netflix of Homebuilding? Inside the Strategy Turning Heads on Wall Street!“, discusses Lennar’s performance in the face of economic challenges. The report underscores Lennar’s strategic approach of maintaining consistent volume, efficiency, and embracing an asset-light business model. Despite a slight decrease in average sales price and increased sales incentives, the report acknowledges Lennar’s efforts to manage margins and stimulate demand in a market affected by higher mortgage rates.


A look at Lennar Corp A Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have assigned Lennar Corp A with promising scores across multiple key indicators for long-term performance. With a strong momentum score of 5, indicating positive market sentiment and upward price trends, the company may be poised for growth in the future. Lennar Corp A also received solid scores in the areas of value, resilience, growth, and dividend, further supporting its potential for sustained success.

Lennar Corporation, known for constructing and selling a variety of residential properties, including single-family homes and multi-level buildings, as well as offering financial services such as mortgage financing and title insurance, appears to have a robust outlook based on the Smartkarma Smart Scores. Investors may find Lennar Corp A attractive for its balanced performance across different aspects that are crucial for long-term investment success.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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