Shares of Lennar Corporation LEN fell 1 percent on Tuesday, ahead of the company’s second quarter financial results, scheduled for Wednesday before the market open.
According to Estimize, the real estate company is expected to deliver a year-over-year growth rate in the range of 6.5 percent to 14.7 percent. In the same quarter last year, earnings came in at $0.61 per share on revenue of $1.819 billion.
For the current quarter, the Street is modeling consensus earnings of $0.65 per share on revenue of $2.049 billion. The crowd is more bullish, and projects consensus earnings of $0.70 per share on revenue of $2.093 billion.
However, it should be noted from the chart above that Lennar has a history of surpassing estimates.
In a recent Zacks article, analysts say a beat is possible, although their model does not conclusively show this.
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