Lennar Q3 Earnings to Reflect 5.7% YoY Revenue Decline

Lennar is set to report Q3 earnings on Wednesday after market hours. The homebuilder missed revenue expectations last quarter and analysts are expecting a 5.7% YoY decline in revenue this quarter. Lennar has missed Wall Street's revenue estimates multiple times over the last two years. The whole industrials sector has been hit hard recently, with stocks in Lennar's peer group down 9.2% on average.