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S&P 500 (NYSE:SPY) component Lennar Corporation (NYSE:LEN) will unveil its latest earnings on Wednesday, June 27, 2012. Lennar builds affordable move-up and retirement homes primarily under the Lennar brand name throughout the United States.
Lennar Corporation Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 16 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 down from 17 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting net income of 82 cents per share, a rise of 70.8% from last year.
Last quarter, the company came in at profit of 8 cents per share against a mean estimate of net income of 5 cents per share, beating estimates after missing them in the previous quarter. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.
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Wall St. Revenue Expectations: Analysts predict a rise of 15.5% in revenue from the year-earlier quarter to $882.7 million.
Stock Price Performance: Between May 23, 2012 and June 21, 2012, the stock price dropped $2.32 (-8.2%), from $28.41 to $26.09. The stock price saw one of its best stretches over the last year between August 23, 2011 and August 31, 2011, when shares rose for seven straight days, increasing 15.7% (+$1.99) over that span. It saw one of its worst periods between February 13, 2012 and February 22, 2012 when shares fell for seven straight days, dropping 7.8% (-$1.87) over that span.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 8.12 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.
Analyst Ratings: With eight analysts rating the stock as a buy, one rating it as a sell and seven rating it as a hold, there are indications of a bullish outlook.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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