BUZZ-PREVIEW: Lennar shares edge down; seen reporting weaker EPS and rev** Shares in Lennar Corp LEN.N off 0.3% on Monday ahead of quarterly report due after market close, with analysts expecting weaker results than a year ago
** Wall Street sees the homebuilder reporting adj EPS of $1.94 vs $3.45 in year-ago quarter on rev of $8.16 bln vs $8.77 bln year-ago, according to latest data from LSEG
** In last 8 quarters, LEN's rev beat six times while EPS beat 7 times
** Stock last traded at $108.20 vs median PT of $130, according to LSEG, which shows 22 analyst ratings: 2 'strong buy,' 5 'buy,' and 15 'hold' recommendations
** YTD down ~18% vs 5.8% drop for S&P 500 consumer discretionary index .SPLRCD
(Reporting by Sinead Carew)
((sinead.carew@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.