Wedbush analysts provided their views on Lennar Corporation (NYSE:LEN) ahead of the company’s upcoming Q2 earnings, which are expected to be released on June 20.
The analysts expect Q2 EPS of $3.94, compared to the Street estimate of $3.98. The analysts expect Q2 closing growth of 12% year-over-year and average closing price growth of 14% to contribute to total revenue growth of 28% to $8.2 billion, in line with the Street estimate.
The analysts will look for management’s views on the supply chain’s impact on cycle times and completions. Also, with the rapid rise in mortgage rates this week, the analysts expect investors will want some insights on the company’s cancellation and incentive levels and any insights on industry trends.