Lennar Future Growth

Future criteria checks 1/6

Lennar is forecast to grow earnings and revenue by 6% and 6.6% per annum respectively. EPS is expected to grow by 10.9% per annum. Return on equity is forecast to be 15.2% in 3 years.

Key information

6.0%

Earnings growth rate

10.9%

EPS growth rate

Consumer Durables earnings growth	9.1%
Revenue growth rate	6.6%
Future return on equity	15.2%
Analyst coverage	Good
Last updated	19 Dec 2024

Recent future growth updates

Results: Lennar Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Jun 21

Recent updates

Lennar: Weak Q4 Results Significantly Dampen The 2025 Outlook (Rating Downgrade)

Dec 19

There's Been No Shortage Of Growth Recently For Lennar's (NYSE:LEN) Returns On Capital

Dec 15

Lennar Stock: A Sell After Disappointing Q3 Earnings And A Changing Environment?

Sep 22

Lennar Q3 2024 Preview: Asset-Light Shift Boosts Outlook, But Valuation Is Stretched

Sep 13

Calculating The Intrinsic Value Of Lennar Corporation (NYSE:LEN)

Sep 09

Lennar: Further Upside As Mortgage Rates Begin Their Decline

Sep 02

Lennar (NYSE:LEN) Is Looking To Continue Growing Its Returns On Capital

Aug 13

Lennar (NYSE:LEN) Seems To Use Debt Quite Sensibly

Jul 30

Is Now The Time To Look At Buying Lennar Corporation (NYSE:LEN)?

Jul 16

Results: Lennar Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Jun 21

Is Lennar's Future Built On Shifting Sands?

Jun 18

3 Reasons To Avoid Lennar Corporation Stock

Jun 10

Is Lennar Corporation (NYSE:LEN) Trading At A 24% Discount?

Jun 10

A Piece Of The Puzzle Missing From Lennar Corporation's (NYSE:LEN) Share Price

May 27

These 4 Measures Indicate That Lennar (NYSE:LEN) Is Using Debt Reasonably Well

Apr 30

The Return Trends At Lennar (NYSE:LEN) Look Promising

Apr 17

Lennar Corporation: Rating Downgrade As Upside Looks Priced In Already

Apr 03

Is Now An Opportune Moment To Examine Lennar Corporation (NYSE:LEN)?

Mar 25

Lennar: Q1 Results, Encouraging Despite The Revenue Miss

Mar 14

Lennar: Mortgage Rates Tick Up, Consumers Coming Under Pressure

Feb 22

Lennar Corporation's (NYSE:LEN) Shares Not Telling The Full Story

Feb 13

These 4 Measures Indicate That Lennar (NYSE:LEN) Is Using Debt Reasonably Well

Jan 31

Lennar (NYSE:LEN) Has Announced That It Will Be Increasing Its Dividend To $0.50

Jan 13

Estimating The Intrinsic Value Of Lennar Corporation (NYSE:LEN)

Jan 08

Lennar Q4 Earnings: What To Expect Amid The Stock Rally

Dec 11

Lennar: Too Risky To Commit Capital In This Sector

Nov 25

Earnings and Revenue Growth Forecasts

NYSE:LEN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
11/30/2027	44,719	N/A	N/A	N/A	1
11/30/2026	41,202	4,443	-306	N/A	9
11/30/2025	37,858	4,303	3,647	N/A	7
11/30/2024	35,441	3,933	N/A	N/A	N/A
8/31/2024	36,463	4,154	3,842	4,018	N/A
5/31/2024	35,776	4,098	3,970	4,151	N/A
2/29/2024	35,056	4,012	4,402	4,569	N/A
11/30/2023	34,233	3,890	5,080	5,180	N/A
8/31/2023	33,440	3,853	5,221	5,305	N/A
5/31/2023	33,644	4,208	4,774	4,852	N/A
2/28/2023	33,958	4,654	4,259	4,316	N/A
11/30/2022	33,671	4,562	3,208	3,266	N/A
8/31/2022	31,930	4,431	1,719	1,772	N/A
5/31/2022	29,937	4,370	1,816	1,867	N/A
2/28/2022	28,009	3,886	2,013	2,075	N/A
11/30/2021	27,131	4,377	2,468	2,533	N/A
8/31/2021	25,523	4,072	2,536	2,606	N/A
5/31/2021	24,452	3,341	3,527	3,598	N/A
2/28/2021	23,309	3,032	4,130	4,193	N/A
11/30/2020	22,489	2,437	4,118	4,191	N/A
8/31/2020	22,634	2,232	4,021	4,081	N/A
5/31/2020	22,621	2,082	3,159	3,223	N/A
2/29/2020	22,897	1,989	2,313	2,390	N/A
11/30/2019	22,260	1,833	1,396	1,482	N/A
8/31/2019	21,747	1,954	1,145	1,264	N/A
5/31/2019	21,563	1,895	1,123	1,242	N/A
2/28/2019	21,459	1,784	1,206	1,323	N/A
11/30/2018	20,572	1,681	1,561	1,692	N/A
8/31/2018	17,898	1,198	N/A	1,396	N/A
5/31/2018	15,487	996	N/A	1,176	N/A
2/28/2018	13,290	900	N/A	762	N/A
11/30/2017	12,646	803	N/A	982	N/A
8/31/2017	12,237	806	N/A	839	N/A
5/31/2017	11,810	793	N/A	523	N/A
2/28/2017	11,294	798	N/A	803	N/A
11/30/2016	10,950	903	N/A	508	N/A
8/31/2016	10,519	871	N/A	666	N/A
5/31/2016	10,177	858	N/A	400	N/A
2/29/2016	9,824	823	N/A	95	N/A
11/30/2015	9,474	794	N/A	-420	N/A
8/31/2015	9,112	758	N/A	-978	N/A
5/31/2015	8,635	713	N/A	-1,061	N/A
2/28/2015	8,061	668	N/A	-1,124	N/A
11/30/2014	7,780	631	N/A	-788	N/A
8/31/2014	7,111	550	N/A	-688	N/A
5/31/2014	6,700	494	N/A	-920	N/A
2/28/2014	6,308	493	N/A	-881	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: LEN's forecast earnings growth (6% per year) is above the savings rate (2.6%).

Earnings vs Market: LEN's earnings (6% per year) are forecast to grow slower than the US market (15.2% per year).

High Growth Earnings: LEN's earnings are forecast to grow, but not significantly.

Revenue vs Market: LEN's revenue (6.6% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: LEN's revenue (6.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: LEN's Return on Equity is forecast to be low in 3 years time (15.2%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 04:48
End of Day Share Price	2024/12/19 00:00
Earnings	2024/11/30
Annual Earnings	2024/11/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Lennar Corporation is covered by 46 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Christopher Graja	Argus Research Company
Ishan Majumdar	Baptista Research
Matthew Bouley	Barclays

Lennar Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Lennar Corporation Provides Operating Guidance for the First Quarter of 2025

Price target increased by 7.3% to US$196

Results: Lennar Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Lennar Corporation Provides Operating Guidance for the Third Quarter of 2024

Lennar Corporation Provides Operating Guidance for the Second Quarter of 2024

Price target increased by 7.6% to US$150

Recent updates

Lennar Debuts New Model Homes in Cape Coral, FL

Full year 2024 earnings: Revenues and EPS in line with analyst expectations

Lennar: Weak Q4 Results Significantly Dampen The 2025 Outlook (Rating Downgrade)

Lennar Corporation Provides Operating Guidance for the First Quarter of 2025

There's Been No Shortage Of Growth Recently For Lennar's (NYSE:LEN) Returns On Capital

Lennar Corporation to Report Q4, 2024 Results on Dec 18, 2024

Is There Now An Opportunity In Lennar Corporation (NYSE:LEN)?

Lennar Introduces Easton, Avon's Premier Active Adult Community Within Master-Planned Easton Grey

Lennar: A Solid Investment With Its Land-Light Strategy

Lennar Corporation (NYSE:LEN) entered into an agreement to acquire Rausch Coleman Development Group, Inc.

Is Lennar (NYSE:LEN) Using Too Much Debt?

Lennar Announces the Grand Opening of Three New Communities in Johnston County, NC

Independent Director recently sold US$3.1m worth of stock

Lennar Stock: Heading In The Right Direction, But Economic Uncertainties Remain

Third quarter dividend of US$0.50 announced

Price target increased by 7.3% to US$196

Lennar Corporation (NYSE:LEN) Doing What It Can To Lift Shares

Lennar Stock: A Sell After Disappointing Q3 Earnings And A Changing Environment?

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Lennar Q3 2024 Preview: Asset-Light Shift Boosts Outlook, But Valuation Is Stretched

Calculating The Intrinsic Value Of Lennar Corporation (NYSE:LEN)

Lennar: Further Upside As Mortgage Rates Begin Their Decline

Lennar Corporation Announces Venue Active Adult Community Coming Soon to Delaware

Lennar Corporation Announces Opening of Foree Ranch, A New Master-Planded Community Located in Providence Village, Texas

Lennar (NYSE:LEN) Is Looking To Continue Growing Its Returns On Capital

Lennar Corporation Announces Grand Opening of Seagrove in Fort Pierce, Florida

Lennar (NYSE:LEN) Seems To Use Debt Quite Sensibly

Lennar Debuts Pearl Estates in Lutz, Florida, Offering Luxury New Home Living with an Exceptional Metro Tampa Location

Investor sentiment improves as stock rises 19%

Is Now The Time To Look At Buying Lennar Corporation (NYSE:LEN)?

Lennar Corporation Debuts Two New Communities Just Minutes from the Sparking Beach of Aberdeen's Gulf Coast

Lennar Announces the Grand Opening of Cartwright Ranch, Offering Master-Planned Amenities and Competitive Pricing in Crandall, Texas

Second quarter dividend of US$0.50 announced

Results: Lennar Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Lennar Corporation Declares Quarterly Cash Dividend, Payable on July 19, 2024

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Is Lennar's Future Built On Shifting Sands?

Lennar Corporation Provides Operating Guidance for the Third Quarter of 2024

3 Reasons To Avoid Lennar Corporation Stock

Is Lennar Corporation (NYSE:LEN) Trading At A 24% Discount?

Lennar Corporation to Report Q2, 2024 Results on Jun 17, 2024

A Piece Of The Puzzle Missing From Lennar Corporation's (NYSE:LEN) Share Price

New minor risk - Insider selling

VP, General Counsel & Secretary recently sold US$1.5m worth of stock

Lennar Debuts Magnolia at Pembroke Park

Now 20% undervalued

Lennar Announces Opening of the Carriage Home Collection At Ibis Landing, Offering Affordable Laidback Golf and Country Club-Style Living in Lehigh Acres

These 4 Measures Indicate That Lennar (NYSE:LEN) Is Using Debt Reasonably Well

Lennar Corporation Selling Three New-Home Collections At Junipers, San Diego's Resort-Style Community for Active Adults Aged 55 and Better

Lennar Corporation Announces Opening of Tuscan Springs, A New Townhome Community in the Coveted Location of Pembroke Pines

The Return Trends At Lennar (NYSE:LEN) Look Promising

First quarter dividend of US$0.50 announced

Lennar Corporation Declares Quarterly Dividends, Payable on May 8, 2024

Lennar Corporation Announces Model Grand Opening of Five new Nated Homes at Tesoro Highlands in Santa Clarita

Lennar Corporation Announces Start of Sales At Settlers Brook in Buffalo, MN

Lennar Corporation: Rating Downgrade As Upside Looks Priced In Already

Now 20% undervalued

Lennar Corporation Kicks Off Sales at Townes at Southshore Pointe, Bring Premium, Antractively Priced Townhome Living to Ruskin, Florida

Lennar Corporation Announces the Grand Opening of Angeline Active Adult Active Adult Amenity Center & Club

Is Now An Opportune Moment To Examine Lennar Corporation (NYSE:LEN)?

Lennar Corporation Debuts Dania Preserve, A New Home Community Offering Spacious Townhomes Just Minutes from White-Sand Beach

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Lennar Corporation Provides Operating Guidance for the Second Quarter of 2024

Lennar: Q1 Results, Encouraging Despite The Revenue Miss

Lennar Corporation Announces Plans for Active Adult Community in Lancaster, SC

Lennar Corporation to Report Q1, 2024 Results on Mar 13, 2024

Lennar: Mortgage Rates Tick Up, Consumers Coming Under Pressure

HW Holdco, LLC acquired Builder Digital Experience, Inc. from Lennar Corporation (NYSE:LEN), PulteGroup, Inc. (NYSE:PHM), KB Home (NYSE:KBH), Beazer Homes USA, Inc. (NYSE:BZH) and others.

Lennar Corporation Receives a Shareholder Proposal from As You Sow