After-Hours Earnings Report for December 18, 2024 : MU, LEN, EPAC, WS, MLKN, SCS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
0mins
Source: NASDAQ.COM
Earnings Reports Overview: Several companies, including Micron Technology, Lennar Corporation, and Enerpac Tool Group, are set to report earnings on December 18, 2024, with varying forecasts indicating significant increases or decreases compared to the same quarter last year.
Performance Insights: Most companies have consistently beaten expectations in previous quarters, with notable projections such as Worthington Steel expecting a 536.36% increase in earnings per share, while others like MillerKnoll anticipate a decrease.
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Analyst Views on LEN
Wall Street analysts forecast LEN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LEN is 101.18 USD with a low forecast of 80.00 USD and a high forecast of 122.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
0 Buy
7 Hold
6 Sell
Moderate Sell
Current: 110.790
Low
80.00
Averages
101.18
High
122.00
Current: 110.790
Low
80.00
Averages
101.18
High
122.00
About LEN
Lennar Corporation is a homebuilder and an originator of residential and commercial mortgage loans. The Company is also a provider of title insurance and closing services, and a developer of multifamily rental properties. The Company's segments include Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar others. Its Homebuilding segments primarily include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through its unconsolidated entities. The Company's Financial Services segment primarily provides mortgage financing, title and closing services primarily for buyers of its homes, as well as property and casualty insurance. The Company’s Multifamily segment is involved in the development, construction and property management of multifamily rental properties. its Lennar Other segment includes fund investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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