Lennar Misses Forecast, Pressure on Margins

29 days ago

Nora Melinda

"We're looking at shares of LAR, that's ticker LEN, falling more than 5%. This, of course, is after the company forecast, quarterly home orders, also margins and deliveries that miss expectations for the first quarter. We're really seeing a lot of challenges being weighed right now, especially given the job insecurity that we're seeing in the market. Rates still remain high. And while we did see them pulling back just a bit, we are still seeing a lot of competition from the resale market and other competitors here. So, we're looking at shares of LAR really pairing really declining right now and bringing a lot of its peers down lower."

Lennar (ticker LEN) is experiencing a significant drop of over 5% after missing key quarterly forecasts, including home orders, margins, and deliveries. The commentary highlights industry challenges such as high interest rates, strong competition from resales, and sales incentives negatively impacting gross margins.

Related Stocks