Lennar Q3 Earnings Expected to Decline Amid Rising Costs

Lennar Corporation is expected to report Q3 earnings of $1.30 per share, down from $2.00 per share in the year-ago period. Analysts expect quarterly revenue of $8.37 billion, compared to $8.81 billion last year. Shares gained 2.2% to close at $79.60 on Friday. Despite this, most accurate analysts have initiated coverage or maintained their ratings on the stock, with some cutting their price targets.