Homebuilder Lennar's Q4 revenue beats estimates

Lennar

16/12/2025 21:39

Overview

U.S. homebuilder's Q4 revenue beat analyst expectations

Net earnings per share for Q4 decreased compared to last year

Company reported an 18% increase in new orders yr/yr

Outlook

Lennar expects Q1 deliveries of 17,000 to 18,000 homes

Company anticipates Q1 average sales price between $365,000 and $375,000

Lennar forecasts full-year deliveries of approximately 85,000 homes

Result Drivers

AVERAGE SALES PRICE - Decrease in average sales price due to market weakness and increased sales incentives

COST REDUCTION - Continued focus on cost-saving initiatives helped decrease construction costs

SALES STRATEGY - Strategic reduction in sales pace and use of incentives like mortgage rate buydowns to sustain momentum

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$9.40 bln
$9.02 bln (13 Analysts)
Q4 EPS
$1.93
Q4 Net Income
$490 mln
Q4 Homebuilding Operating Earnings
$718 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 11 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the homebuilding peer group is "buy."

Wall Street's median 12-month price target for Lennar Corp is $125.00, about 4.4% above its December 15 closing price of $119.73

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nPn4T03Ffa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)