Lennar corp posts q3 revenue of $5.9 billion

Lennar reports third quarter eps of $1.59.q3 earnings per share $1.59.q3 revenue $5.9 billion versus refinitiv ibes estimate of $5.48 billion.q3 earnings per share estimate $1.32 -- refinitiv ibes data.quarter-end backlog of 18,908 homes - down 2%.quarter-end backlog dollar value of $7.6 billion - down 9%.revenues from home sales increased 2% in q3 of 2019 to $5.3 billion from $5.2 billion in q3 of 2018.qtrly deliveries of 13,522 homes, up 7%.quarter-end deliveries of 13,522 homes - up 7%.new home deliveries, excluding unconsolidated entities, increased to 13,513 homes in q3 of 2019 from 12,600 homes.average sales price of homes delivered was $394,000 in q3 of 2019, compared to $415,000.qtrly new orders of 13,369 homes - up 9%; new orders dollar value of $5.2 billion - up 3%.lennar - continue to believe basic underlying housing market fundamentals of low unemployment, higher wages and low inventory levels remain favorable.
LEN Ratings Summary
LEN Quant Ranking