Lennar Stock Falls Amid Market Uptick: What Investors Need to Know

Lennar (LEN) stock fell 1.17% to $114.02, trailing the S&P 500's 1.97% gain and underperforming the Construction sector's 7.04% gain. The homebuilder's quarterly earnings are expected to drop 55.14% to $0.96 per share, with revenue down 10.47% to $6.83 billion. Analyst estimates have been revised downward, with a Zacks Rank of #5 (Strong Sell). Lennar trades at a premium to its industry with a Forward P/E ratio of 17.91 and a PEG ratio of 1.68.