Lennar (LEN) Reports Q1 Earnings: What Key Metrics Have to Say

For the quarter ended February 2026, Lennar (LEN) reported revenue of $6.62 billion, down 13.3% over the same period last year. EPS came in at $0.88, compared to $2.14 in the year-ago quarter.The reported revenue represents a surprise of -3.12% over the Zacks Consensus Estimate of $6.83 billion. With the consensus EPS estimate being $0.96, the EPS surprise was -8.74%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Lennar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Deliveries - Average sales price - Total: $374.00 versus $369.66 estimated by four analysts on average.Active Communities - Total: 1,678 compared to the 1,784 average estimate based on four analysts.Backlog - Homes: 15,588 versus the three-analyst average estimate of 14,938.Deliveries - Homes: 16,863 versus 17,571 estimated by three analysts on average.New orders - Homes: 18,515 compared to the 18,572 average estimate based on three analysts.Revenue- Financial Services: $215.56 million versus the five-analyst average estimate of $257.36 million. The reported number represents a year-over-year change of -22.2%.Revenue- Homebuilding- Sales of homes: $6.27 billion versus the five-analyst average estimate of $6.49 billion. The reported number represents a year-over-year change of -13.4%.Revenue- Multifamily: $82.5 million versus the three-analyst average estimate of $103.08 million. The reported number represents a year-over-year change of +30.5%.Revenue- Homebuilding: $6.3 billion compared to the $6.53 billion average estimate based on three analysts. The reported number represents a change of -13.5% year over year.Revenue- Homebuilding- Sales of land: $15.16 million compared to the $37.22 million average estimate based on three analysts. The reported number represents a change of -57.1% year over year.Revenue- Lennar Other: $22.86 million versus the two-analyst average estimate of $14.31 million. The reported number represents a year-over-year change of +208.8%.Revenue- Homebuilding- Other homebuilding: $10.48 million versus $6.97 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +31.1% change.View all Key Company Metrics for Lennar here>>>Shares of Lennar have returned -20.2% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>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