Zacks Research Has Positive Outlook for Lennar Q2 Earnings

Key Points

• Analysts at Zacks Research increased their Q2 2026 EPS estimate for Lennar Corporation from $1.84 to $1.96, with a full-year earnings consensus of $12.48 per share.
• Lennar reported Q2 earnings of $1.90 per share, missing the analysts' consensus of $1.94, along with a revenue decline of 4.4% year-over-year.
• Currently, the stock has a consensus rating of "Hold" from analysts, with some downgrades and target price adjustments from various firms since June 2023.

Lennar Corporation (NYSE:LEN - Free Report) - Analysts at Zacks Research raised their Q2 2026 earnings per share (EPS) estimates for Lennar in a research report issued to clients and investors on Tuesday, September 9th. Zacks Research analyst Team now forecasts that the construction company will post earnings per share of $1.96 for the quarter, up from their previous forecast of $1.84. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Lennar's current full-year earnings is $12.48 per share. Zacks Research also issued estimates for Lennar's Q3 2026 earnings at $2.86 EPS, Q4 2026 earnings at $3.63 EPS, FY2026 earnings at $10.15 EPS, Q1 2027 earnings at $1.90 EPS, Q2 2027 earnings at $2.09 EPS, Q3 2027 earnings at $3.24 EPS and FY2027 earnings at $11.08 EPS.

Lennar (NYSE:LEN - Get Free Report) last released its quarterly earnings data on Monday, June 16th. The construction company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.04). Lennar had a net margin of 9.20% and a return on equity of 12.73%. The company had revenue of $8.38 billion during the quarter, compared to analysts' expectations of $8.21 billion. During the same period last year, the business earned $3.45 earnings per share. The company's revenue for the quarter was down 4.4% compared to the same quarter last year.

Several other research analysts have also commented on the company. Evercore ISI cut their price objective on Lennar from $131.00 to $114.00 and set an "in-line" rating on the stock in a research report on Wednesday, June 18th. UBS Group dropped their target price on Lennar from $164.00 to $146.00 and set a "buy" rating on the stock in a research report on Wednesday, June 18th. Keefe, Bruyette & Woods dropped their target price on Lennar from $128.00 to $114.00 and set a "market perform" rating on the stock in a research report on Friday, June 20th. Wedbush reaffirmed a "neutral" rating and set a $130.00 target price on shares of Lennar in a research report on Wednesday, June 18th. Finally, Royal Bank Of Canada dropped their target price on Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $130.77.

Lennar Stock Down 2.1%

NYSE:LEN traded down $2.90 during mid-day trading on Wednesday, hitting $137.19. The company had a trading volume of 2,852,061 shares, compared to its average volume of 2,951,826. The business has a fifty day simple moving average of $124.07 and a 200-day simple moving average of $115.60. The company has a current ratio of 3.65, a quick ratio of 0.49 and a debt-to-equity ratio of 0.12. Lennar has a 1 year low of $98.42 and a 1 year high of $193.80. The firm has a market capitalization of $35.53 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 5.95 and a beta of 1.33.

Hedge Funds Weigh In On Lennar

A number of hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in Lennar by 45.4% in the first quarter. The Manufacturers Life Insurance Company now owns 8,894,125 shares of the construction company's stock worth $1,020,866,000 after purchasing an additional 2,777,567 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Lennar in the second quarter worth about $424,950,000. Viking Global Investors LP grew its stake in Lennar by 86.7% in the second quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company's stock worth $279,135,000 after purchasing an additional 1,172,068 shares in the last quarter. Brave Warrior Advisors LLC grew its stake in Lennar by 23.4% in the first quarter. Brave Warrior Advisors LLC now owns 2,189,608 shares of the construction company's stock worth $251,323,000 after purchasing an additional 415,218 shares in the last quarter. Finally, Eminence Capital LP boosted its stake in Lennar by 130.8% in the first quarter. Eminence Capital LP now owns 1,581,489 shares of the construction company's stock valued at $181,523,000 after acquiring an additional 896,264 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 3rd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, July 3rd. Lennar's dividend payout ratio (DPR) is 16.54%.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.