LEN

MIAMI, May 28, 2026 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release its second quarter 2026 earnings after the market closes on June 11, 2026. Additionally, the Company will host a conference call on June 12, 2026 at 11:00 a.m. Eastern Time. The call will be broadcast live and can be accessed through Lennar's website at investors.lennar.com. If you are unable to participate during the live webcast, the call will be archived at investors.lennar.com for 90 days. Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com. Contact:Jorge AlmeidaInvestor RelationsLennar Corporation(305) 485-4129 View original content:https://www.prnewswire.com/news-releases/lennar-corporation-to-broadcast-its-second-quarter-2026-earnings-call-on-june-12-2026-302785048.html

Let’s dig into the relative performance of Lennar (NYSE:LEN) and its peers as we unravel the now-completed Q1 home builders earnings season. Traditionally, homebuilders have built competitive advantages with economies of scale that lead to advantaged purchasing and brand recognition among consumers. Aesthetic trends have always been important in the space, but more recently, energy efficiency and conservation are driving innovation. However, these companies are still at the whim of the macro, specifically interest rates that heavily impact new and existing home sales. In fact, homebuilders are one of the most cyclical subsectors within industrials. The 11 home builders stocks we track reported a slower Q1. As a group, revenues missed analysts’ consensus estimates by 1%. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 12.6% since the latest earnings results. One of the largest homebuilders in America, Lennar (NYSE:LEN) is known for constructing affordable, move-up, and retirement homes across a range of markets and communities. Lennar reported revenues of $6.62 billion, down 13.3% year on year. This print fell short of analysts’ expectations by 4.5%. Overall, it was a disappointing quarter for the company with a significant miss of analysts’ revenue and adjusted operating income estimates. Stuart Miller, Executive Chairman and Chief Executive Officer of Lennar, said, "Our first quarter of fiscal year 2026 was defined by the same persistent headwinds that have challenged the housing market for over three years — high mortgage rates, constrained affordability, cautious consumer sentiment, and geopolitical uncertainty, especially now including the recent conflict in Iran. As our results reflect, Lennar remained focused on executing our consistent operating strategy to maintain production and support housing supply, while driving structural improvements across our business." Unsurprisingly, the stock is down 9.7% since reporting and currently trades at $83.39. Read our full report on Lennar here, it’s free. Named “America’s Most Trusted Home Builder” in 2019, Taylor Morrison Home (NYSE:TMHC) builds single family homes and communities across the United States. Taylor Morrison Home reported revenues of $1.39 billion, down 26.8% year on year, outperforming analysts’ expectations by 4.1%. The business had an incredi...

Shareholders of Lennar would probably like to forget the past six months even happened. The stock dropped 28.1% and now trades at $83.36. This was partly due to its softer quarterly results and might have investors contemplating their next move. Is now the time to buy Lennar, or should you be careful about including it in your portfolio? Dive into our full research report to see our analyst team’s opinion, it’s free. Despite the more favorable entry price, we don't have much confidence in Lennar. Here are three reasons there are better opportunities than LEN and a stock we'd rather own. Investors interested in Home Builders companies should track backlog in addition to reported revenue. This metric shows the value of outstanding orders that have not yet been executed or delivered, giving visibility into Lennar’s future revenue streams. Lennar’s backlog came in at $6 billion in the latest quarter, and it averaged 11.4% year-on-year declines over the last two years. This performance was underwhelming and shows the company is not winning new orders. It also suggests there may be increasing competition or market saturation. If you’ve followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can’t use accounting profits to pay the bills. As you can see below, Lennar’s margin dropped by 7.5 percentage points over the last five years. Continued declines could signal it is in the middle of an investment cycle. Lennar’s free cash flow margin for the trailing 12 months was breakeven. A company’s ROIC, or return on invested capital, shows how much operating profit it makes compared to the money it has raised (debt and equity). We like to invest in businesses with high returns, but the trend in a company’s ROIC is what often surprises the market and moves the stock price. Over the last few years, Lennar’s ROIC has unfortunately decreased. We like what management has done in the past, but its declining returns are perhaps a symptom of fewer profitable growth opportunities. We cheer for all companies making their customers lives easier, but in the case of Lennar, we’ll be cheering from the sidelines. Following the recent decline, the stock trades at 13.8× forward P/E (or $83.36 per share). While this valuation is fair, the upside isn’t great compared to the potential downside. There are better in...

Toll Brothers (TOL) came out with quarterly earnings of $2.72 per share, beating the Zacks Consensus Estimate of $2.58 per share. This compares to earnings of $3.5 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.37%. A quarter ago, it was expected that this home builder would post earnings of $2.05 per share when it actually produced earnings of $2.19, delivering a surprise of +6.83%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Toll Brothers, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $2.53 billion for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 5.07%. This compares to year-ago revenues of $2.74 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Toll Brothers shares have lost about 6.1% since the beginning of the year versus the S&P 500's gain of 8.1%. While Toll Brothers has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Toll Brothers was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #...

Interested in Millrose Properties, Inc.? Here are five stocks we like better. Millrose Properties said first-quarter 2026 results were in line with expectations, with net income of $122.9 million and AFFO of $125.9 million; the quarterly dividend of $0.76 per share was fully covered by AFFO. The company strengthened its balance sheet and flexibility by converting its credit agreement to an unsecured structure and adding a $500 million delayed draw term loan, bringing total unsecured capacity to about $1.8 billion. Management emphasized growing demand from homebuilders for asset-light land strategies, with counterparties rising to 17 and relationships expanding beyond Lennar; the company also highlighted steady contractual income and a roughly 10.7% yield on its “Other Agreements” portfolio. Millrose Properties (NYSE:MRP) reported first-quarter 2026 results that management said were in line with expectations, citing recurring contractual income, disciplined capital deployment and continued demand from homebuilders seeking asset-light land strategies. Chief Executive Officer and President Darren Richman said the company benefited from a homebuilding industry backdrop in which builders are trying to balance sales pace, margin pressure, future community growth and lower direct land ownership. → Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum “You cannot grow community count while also shrinking your balance sheet unless you have a partner like Millrose,” Richman said. He added that homebuilders are making land and development commitments today that affect communities expected to produce in 2028 and 2029, even as near-term demand remains uneven. Chief Financial Officer Garett Rosenblum said Millrose reported first-quarter net income of $122.9 million, or $0.74 per share. Results were driven by $185 million in option fees and about $10 million in development loan income. → MercadoLibre Boldly Invests in Growth: Discount Deepens Adjusted funds from operations totaled $125.9 million, or $0.76 per share. Rosenblum said AFFO provides “the clearest view” into the recurring distributable earnings power of the business. The company said there was no change to its previously issued guidance. Book value per share was $35.26 at quarter-end. Millrose ended the quarter with total assets of approximately $9.6 billion and invested capital of $8.7 billion, up from...

First Quarter Net Income of $0.74 Per Share and AFFO of $0.76 Per Share Expanded Counterparty Base to 17 Homebuilders, Including Addition of a Top-10 National Builder and Redeployed $989 Million in Land Acquisitions and Development Funding Across the Portfolio Total Homesites Under Option Contracts and Other Related Assets of $9.5 Billion with Zero Option Terminations Since Inception; Invested Capital Outside of the Lennar Master Program Agreement Reached $2.7 Billion, Reflecting $365 Million of Growth Versus the Prior Quarter Converted Credit Facility to Fully Unsecured Structure and Added $500 Million Delayed Draw Term Loan Commitment, Expanding Total Capacity to over $1.8 Billion Generated $726 Million in Net Cash Proceeds from Homesite Sales with Zero Option Terminations MIAMI, May 06, 2026--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, "Millrose" or the "Company"), the homesite option platform for residential homebuilders, today announced its financial results for the first quarter ended March 31, 2026. "We began 2026 with solid first quarter results, reflecting consistent execution of our strategy," said Darren Richman, Chief Executive Officer and President of Millrose. "Across the homebuilding industry, builders are navigating competing priorities — sustaining community count growth while exercising balance sheet discipline in a margin-compressed environment. As builders seek to preserve margins while sustaining growth, demand for capital-light lot access is increasing, and our platform is positioned at the center of that structural shift." Mr. Richman continued, "As margins compress across the industry, the carrying cost of land on the balance sheet weighs more heavily on builder returns — yet the multi-year nature of land investment means those commitments cannot be deferred without sacrificing future growth. That is the precise tension our platform is designed to resolve. During the quarter, we expanded our counterparty base to 17 homebuilders, including the addition of a top-10 national builder, and strengthened our capital foundation by converting to a fully unsecured credit facility — positioning Millrose to meet that growing demand at scale." Financial Highlights Millrose produces recurring cash flow through contractual monthly cash options payments with continuous capital redeployment of homesite sale proceeds. For the first quarter o...

Anthony Carroll First Quarter Highlights and Recent Developments Awarded 1GW agreement for 1P trackers from new customer with a leading global company offtaker First quarter revenue of $17.3 million Profitability metrics (ex-warrant gain) within target ranges Leadership transition announced with Board Member Anthony Carroll appointed CEO AUSTIN, Texas, May 05, 2026 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, today announced financial results for the first quarter ended March 31, 2026 and a leadership transition. Leadership Transition Board Member Anthony Carroll has been appointed President and Chief Executive Officer of FTC Solar, effective April 29. Carroll brings strong renewables experience with a proven track record of scaling operations and driving value creation. He most recently served as CEO of Veev, a subsidiary of Lennar focused on efficient and sustainable homebuilding. Prior to joining Veev in early 2024, he was the President of Powin, a global leader in energy storage systems. He has also served as Managing Director at Siemens Gamesa Electric, leading the Power Conversion and Energy Storage business in North America, as well as in leadership roles for Schneider Electric and Power Electronics. "We are excited to welcome Anthony in this new capacity, at what we believe is a critical inflection point for the business," said Shaker Sadasivam, Chairman of the Board, FTC Solar. "His operational depth, dynamic leadership, and demonstrated success in scaling growth businesses make him exceptionally well-suited to lead FTC Solar into its next chapter. We have a strong foundation now, and we believe the best is ahead for this business, our customers, and our team." “Yann Brandt stepped into FTC at an important inflection point and delivered what was needed to position the company for its next stage of growth,” Sadasivam continued. “We are grateful for his contributions to FTC Solar and wish him well in his future endeavors." First Quarter Results Total first-quarter revenue was $17.3 million. This represents a decrease of 47.5% compared to the prior quarter revenue and a decrease of 17.0% compared to the year-ago quarter. GAAP gross loss was $1.2 million, or 7.1% of revenue, compared to gross profit of $4.9 million, or 14.9% of revenue, in the prior quarter. Non-GAAP gross loss was $0.4 million or 2.2%...

NVR, Inc. NVR reported first-quarter fiscal 2026 results, with earnings and Homebuilding revenues missing the Zacks Consensus Estimate. Both earnings and Homebuilding revenues also declined on a year-over-year basis. The first-quarter results reflect a period of resilient demand tempered by significant operational and cost-related headwinds. On the positive side, the company saw a healthy uptick in new orders and a favorable decrease in cancellation rates, suggesting sustained buyer interest. However, these gains were largely offset by a lower opening backlog, which constrained settlement volumes and drove a significant decline in homebuilding revenues. Profitability in the segment was further impacted by continued pricing pressure and elevated lot costs, leading to margin compression. Performance was also weighed down by lower loan production and a reduced capture rate within the mortgage banking segment, alongside broader industry obstacles. Following the results, NVR stock declined 4.7% during yesterday’s trading hours. Diluted earnings were $67.76 per share, down 29% from $94.83 a year ago and missing the Zacks Consensus Estimate of $78.25 by 13.4%. NVR, Inc. price-consensus-eps-surprise-chart | NVR, Inc. Quote Homebuilding revenues of $1.83 billion also missed the consensus mark of $1.99 billion by 7.9%. Consolidated revenues (Homebuilding & Mortgage Banking fees combined) amounted to $1.88 billion, down 22% on a year-over-year basis. Results reflected a sharp decline in homebuilding settlements, partially offset by stronger order activity and a lower cancellation rate. Segment Details of NVR Homebuilding remained the central swing factor. Segment revenues decreased 22% year over year due to settlements declining 21.8% to 4,015 units from 5,133 units in the prior-year quarter. Management attributed the decline largely to a 15% lower backlog entering the quarter versus the comparable period last year. Our model predicted settlements to decline 12.6% year over year to 4,488 units. The average selling price (ASP) for settlements remained flat year over year at $457,000. Our estimate for the metric was $450,800. Margin performance also tightened. Homebuilding gross profit margin fell to 19.6% from 21.9% a year ago, pressured by continued pricing pressure and higher lot costs. Our estimate for the metric was 18.9%. As a result, homebuilding income fell to $2...

A month has gone by since the last earnings report for KB Home (KBH). Shares have added about 6.6% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is KB Home due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for KB Home before we dive into how investors and analysts have reacted as of late. KB Home reported first-quarter fiscal 2026 results. The quarter’s earnings came in line with the Zacks Consensus Estimate, while total revenues missed the same. Both metrics decreased on a year-over-year basis. KB Home’s fiscal first-quarter performance reflects that the company is navigating a complex macroeconomic landscape while executing a deliberate strategic pivot. The recent escalation of conflict in the Middle East has added a further layer of uncertainty to an already cautious demand environment. Against this backdrop, and given that fiscal first-quarter net orders fell short of the level required to sustain its prior full-year delivery guidance, the company has revised its delivery outlook downward for the year. KBH’s quarterly performance was supported by a strategic pivot back to its core built-to-order (BTO) model, alongside strong execution and disciplined operations. Results were further reinforced by an expansion in community count to the highest level in several years, which helped sustain sales activity, as well as a continued focus on managing direct costs efficiently. In addition, performance benefited from a high-quality buyer base, reflected in solid credit profiles and a notably low cancellation rate, the lowest recorded in recent years. The company reported adjusted earnings of 52 cents per share, in line with the Zacks Consensus Estimate. In the year-ago quarter, it reported an adjusted EPS of $1.49. Total revenues of $1.08 billion missed the consensus mark of $1.1 billion by 2% and decreased 22.6% year over year. Homebuilding: The segment's revenues of $1.07 billion declined 22.7% from the prior-year quarter’s level of $1.39 billion. The number of homes delivered was 2,370 units, down 14% from the year-ago period’s level of 2,770 units. The average selling price (ASP) decreased 9.7% from a year ago to $452,100. Net orders increased 3% from the prior year to 2,846 units. The...

PulteGroup PHM reported first-quarter 2026 results, with adjusted earnings missing the Zacks Consensus Estimate and revenues surpassing the same. Both metrics declined year over year amid continued affordability pressures and margin compression. Lower consumer confidence and higher incentive activity weighed on profitability, partially offset by stable order trends, higher community counts and disciplined capital deployment. Following the earnings announcement, investor reaction was negative. Shares of the Atlanta-based homebuilder slipped 2% in today’s pre-market trading session, reflecting concerns around declining profitability and margin pressure. PulteGroup reported first-quarter 2026 earnings of $1.79 per share, missing the Zacks Consensus Estimate of $1.80 by 0.6%. The figure declined 30.4% from $2.57 per share in the year-ago quarter. PulteGroup, Inc. price-consensus-eps-surprise-chart | PulteGroup, Inc. Quote Total revenues of $3.41 billion beat the Zacks Consensus Estimate of $3.38 billion by 0.9% and decreased 12.4% year over year. The top-line beat was supported by steady order growth despite lower closing volumes and pricing pressure. PulteGroup’s home sale revenues totaled $3.3 billion in the first quarter of 2026, marking a 12% year-over-year decline. The decrease was caused by a 7% drop in closing volumes to 6,102 homes and a 5% reduction in average selling price to $542,000. Land sales and other revenues also declined, contributing to overall top-line pressure. The company noted that affordability concerns and broader economic uncertainty continued to weigh on buyer behavior, impacting both pricing and conversion rates. Despite these headwinds, management highlighted steady demand trends, supported by a growing community count and disciplined operational execution. PulteGroup’s financial services segment generated pre-tax income of $13 million, down from $36 million in the prior-year period. The decline reflects lower closing volumes and a slight decrease in the mortgage capture rate to 85%. Profitability weakened during the quarter as home sale gross margin declined to 24.4% from 27.5% in the prior-year period. The contraction reflects higher incentive activity used to stimulate demand and reduce excess inventory. Selling, general and administrative expenses totaled $380 million, representing 11.5% of home sale revenues, up from 10.5% a yea...

D.R. Horton DHI delivered second-quarter fiscal 2026 results with earnings beating the Zacks Consensus Estimate but revenues missing the same. The quarter was marked by an 11% jump in net sales orders and progress in tightening finished inventory, even as affordability constraints kept incentives elevated. Shares of this Arlington, TX-based homebuilder gained 2.4% following the earnings release on Tuesday. The company’s earnings of $2.24 per share were down 13.2% from $2.58 a year ago but 4.2% above the Zacks Consensus Estimate of $2.15. Total revenues (Homebuilding, Forestar, Rental and Financial Services) were $7.56 billion, down 2.3% year over year and 1.3% below the consensus mark of $7.66 billion. Net income attributable to D.R. Horton fell 20% year over year to $647.9 million. Consolidated income before taxes was $867.4 million on $7.6 billion of revenues, producing a pre-tax profit margin of 11.5% for the quarter. Management highlighted that the pre-tax profit margin finished above the high end of its guidance range. The company also noted that the fiscal second-quarter consolidated pre-tax profit margin and home sales gross margin included a 40-basis-point benefit tied to a favorable litigation outcome and lower warranty costs. Against a backdrop of affordability pressure and cautious consumer sentiment, the ability to remain within its expected profitability range was a key takeaway from the release. Homebuilding revenue declined 2% year over year to $7.1 billion, while homes closed increased 1% to 19,486. Home sales revenues totaled $7.0 billion, supported by steady closing volumes across the footprint. Demand indicators were firmer. Net sales orders rose 11% to 24,992 homes, with an order value of $9.2 billion. The cancelation rate was 16%, which was in line with the prior-year quarter. Management said incentives are expected to remain elevated in fiscal 2026, with levels dependent on demand, mortgage rates and broader market conditions. Alongside the order improvement, the company emphasized its actions to reduce unsold completed homes by 35% from a year ago, reflecting tighter execution around inventory and sales pace. The quarter also showed contributions outside homebuilding. Rental operations generated $211.8 million of revenues (down from $236.6 million a year ago) from the sale of 566 single-family rental homes and 216 multifamily rental un...

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Lennar (LEN) is back in focus after management issued weaker guidance for its fiscal first quarter, citing a challenging housing market even as interest rates ease, a shift that has weighed on investor sentiment. See our latest analysis for Lennar. The weaker fiscal first quarter outlook has weighed on sentiment, with a 30 day share price return of 7.87% and a 90 day share price return of 25.39% contributing to a 1 year total shareholder return of 13.95%. This suggests momentum has faded despite recent product launches and a confirmed cash dividend. If Lennar's recent swings have you thinking about where else capital could work, it may be worth scanning 19 top founder-led companies With Lennar shares showing a 1 year total return of 13.95% and trading at a discount to both intrinsic value estimates and analyst targets, you have to ask: is this a reset creating opportunity, or is the market already baking in future growth? With Lennar last closing at $88.97 versus a fair value of $162.49 in the leading narrative, the gap between price and story is hard to ignore. Read the complete narrative. Want to see how this housing imbalance turns into a $160 plus fair value, according to Zev? The heart of the narrative is how revenue, margins and future earnings power are expected to reset once demand and financing conditions shift. Curious which specific growth and profitability assumptions sit under that long term cash flow story, and how they connect to Lennar's current $88.97 share price? The full narrative lays out the entire blueprint. Result: Fair Value of $162.49 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, there are clear pressure points, including ongoing housing oversupply signals and Lennar’s recent 1-year total return of 13.95%, which has shifted to a 13.95% decline. Find out about the key risks to this Lennar narrative. While the leading narrative leans heavily on discounted cash flows and a fair value above $160, the market is currently paying 12.4x P/E for Lennar, right in line with the US Consumer Durables industry at 12.4x and below an estimated fair ratio of 19x. That gap hints at upside on one model, but the share price has also delivered a 13.95% decline...