Stocks To Watch Ahead Of Earnings: Lennar

By INVESTOR'S BUSINESS DAILY

With its next quarterly earnings report scheduled for around Sep. 14, Lennar is trading about 5% shy of a 110.24 entry. The current formation is a second-stage cup with handle.

Keep in mind that buying just before a stock reports can be risky, since an EPS or sales miss could send it sharply lower. You can reduce your risk by waiting to see the actual numbers and the market's reaction.

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The company showed 61% EPS growth in the latest quarterly report. Revenue increased 22%.

Analysts expect earnings growth of 54% for the quarter, and 71% growth for the full year. Annual growth estimates were recently revised higher.

Lennar has a 93 Composite Rating and holds the No. 7 rank among its peers in the Building-Residential/Commercial industry group. LGI Homes, MI Homes and Century Communities are among the top 5 highly rated stocks within the group.

Note: Dates for earnings reports are subject to change. Check the company's website for any updates.


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