AfternsAfterns
Earnings brief

US stock earnings,
the key summary

Earnings results, key call takeaways, the stock reaction, and what it means.

This week
9/wk31
9/wk216
9/wk130
8/wk440
8/wk321
8/wk269
8/wk1452
7/wk5390
7/wk4170
7/wk337
7/wk24
7/wk16
6/wk412
Summary

1 company reported in 9/14–9/18, and 0 beat consensus.

Wed 9/16 · 1

Lennar Corporation Class A
LEN · After close
day-after+1.7%
miss avg -2.3%
EPS
$1.23-4.5%
vs est $1.29
Revenue
$8.0B-9%
vs LY $8.8B
Volume-focused strategy amid housing market headwinds and margin pressure
Positives
  • ▲Construction efficiency and cost reduction
  • ▲Inventory management and asset-light model
  • ▲Strong cash flow and shareholder returns
Concerns
  • ▼Lower deliveries and guidance revision
  • ▼Margin compression and rising costs
  • ▼Earnings decline due to market deterioration
“While our earnings of $1.19 per share were below expectations, they reflect the nature of the environment in which we are operating, which has deteriorated since our last earnings call.”
· Stuart Miller (CEO)

Figures from press releases (SEC 8-K); call highlights summarized from earnings-call transcripts. Next-day reactions fill in after the following close.