Lennar Q3 in Subject Line Tidings
In home building, it still may be a misnomer to call quarterly financial reports an earnings report.
Still, the tone of the latest call with analysts, and their take on the most recent performance, is refreshing.
Here’s Subject Lines from several key equity analysts’ post-ups on the Lennar report.
- Stephen East, Pali — Lennar (LEN, Buy, PT $20.00) – Solid Results, Good Guidance. Investors Need To Guard Against Short-Term Exuberance.
- David Goldberg, UBS — LEN F3Q09 EPS: Improving Conditions Already Priced In
- Buck Horn, Raymond James — LEN: Selling Conditions Continue to Improve; Reiterate Outperform
- Josh Levin, Citi — LEN: Migrating to Normal
- Michael Rehaut, JP Morgan — 3Q Order Decline Better than our Estimate; Gross Margins Ahead of Our Estimate; Reiterate OW – ALERT
- Carl Reichardt, Wells Fargo Securities — Lennar Corporation: Reports FQ3 Loss Per Share of $0.97 (Revising Estimates) Gimme a Breakeven
Added up, the analysts have struck a positive chord we haven’t seen in a couple of years… with caveats, of course.
September 22, 2009 | Filed Under Earnings, Home Builders
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