Is Lennar (LEN) a 'Buy' Ahead of Its Upcoming Earnings Announcement?

Lennar, one of the largest homebuilders in the United States, is set to report fiscal third-quarter earnings results on Thursday after the closing bell. A Zacks Rank #3 (Hold), Lennar has missed the earnings mark in two of the past four quarters. But with homebuilder stocks rallying lately on upcoming rate cuts, is LEN a buy prior to the release?Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Analysts are expecting the company to post a profit of $2.12 per share, reflecting negative growth of -45.6% versus the same quarter last year. Sales are projected to have declined 4% to $9 billion during the quarter.Lennar LEN has evolved from a traditional homebuilder into a tech-enabled manufacturing platform. The company aims to unlock scalable efficiencies and modernize its operating model.Still, ongoing pressures on margins and housing affordability remain key concerns. Despite a recent rally, Lennar shares are roughly flat this year and are underperforming the major indexes. Investors would be wise to exercise caution ahead of the upcoming announcement.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lennar Corporation (LEN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks