Lennar Corp Fourth Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Lennar Corporation (NYSE:LEN) will unveil its latest earnings tomorrow, Tuesday, January 15, 2013.

Lennar Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 43 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 42 cents. It has been unchanged at 43 cents during the last month. Analysts are projecting profit to rise by 520.8% versus last year to $2.98.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 34 cents per share versus a mean estimate of net income of 27 cents per share.

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A Look Back: In the third quarter, profit rose more than fourfold to $87.1 million (40 cents a share) from $20.7 million (11 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 34.1% to $1.1 billion from $820.2 million.

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