Lennar Corporation (LEN) earnings on September 16, 2026

After the market closes Q2 2026

More Lennar Corporation earnings

Prior outlook: Pessimistic Outcome: Partial

Lennar reported quarterly results that fell short of expectations, with the company facing pricing challenges. The stock initially dropped but recovered to close higher.

LEN price around the earnings

79.70

Change: +1.7%

2026-09-17, 20:00 UTC

Start of the measured window End of the measured window
73.97 76.17 78.36 80.56 78.36
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
September 16, 2026 September 17, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Partial

Thesis published

Technical weakness, price far from yearly high

The technical setup points pessimistic: the stock has fallen 42% from its yearly high and is lagging behind the broader market. This structural weakness outweighed the more optimistic crowd positioning, leading to the pessimistic badge.

Context analyzed before publication

Summary
Technical weakness, price far from yearly high
Playbook
La acción cotiza muy por debajo de su máximo de 52 semanas, con un rendimiento significativamente inferior al promedio del mercado. Los analistas mantienen un consenso de mantener con un precio objetivo que ofrece un potencial optimista modesto.
Trend
Expert pessimism deepens over past week

Analysts

Drivers

  • Analysts Neutral

    Analysts maintain a Hold rating with an average score of 3.42. The average price target is $85.

Evidence

Analyst consensus
Hold
Consensus average (1-5)
3.42
Analysts covering the stock
13
Average price target
85.31
Lowest price target
67
Highest price target
120
Upside to price target
8.8%
Quarterly earnings growth
-36.2%
Revenue growth
-5.2%
Forward EPS
6.38
Trailing EPS
6.38
Analyst moves in the last 60 days
5
  • Strong buy: 1
  • Buy: 1
  • Hold: 9
  • Sell: 3
  • Strong sell: 5
Strong buy
1
Buy
1
Hold
9
Sell
3
Strong sell
5
  • September 16, 2026 · Truist Securities: Maintains rating (Hold → Hold)
  • September 14, 2026 · B of A Securities: Maintains rating (Underperform → Underperform)
  • September 11, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
  • September 4, 2026 · StoneX: Initiates coverage (Hold)
  • August 6, 2026 · Truist Securities: Maintains rating (Hold → Hold)

News and sentiment

Evidence

Sentiment
Sentiment
Cautious
Mention volume
High
Normalized volume
99%
Messages
30
News
Sources (7)

Technicals

Drivers

  • Technical Negative

    The stock has dropped 7.76% over 30 days while the broader market fell 2.43%. It cases 42.5% below its 52-week high of $78.30.

Evidence

Price when the context was analyzed
80.08
Average true range (ATR)
2.7%
Distance to 52-week high
-40.2%
14-day change (14d)
-3.4%
30-day change (32d)
-7.8%
30-day relative strength
-5.3%
SPY change (32d)
-2.4%
Nearest support
79.59
Distance to nearest support
0.6%
Nearest resistance
80.23
Distance to nearest resistance
0.2%
Volume accumulation ratio (14d / 46d)
1.04
  • Minor: 79.59 (0.6% away, 0.23 ATR, 1 touches)
  • Mid: 78.7 (1.7% away, 0.64 ATR, 7 touches)
  • Minor: 77.53 (3.2% away, 1.18 ATR, 1 touches)
  • Minor: 80.23 (0.2% away, 0.07 ATR, 6 touches)
  • Mid: 81.22 (1.4% away, 0.53 ATR, 7 touches)
  • Minor: 82.12 (2.6% away, 0.95 ATR, 7 touches)

Trends

Evidence

Average earnings surprise
-3.1%
  • June 11, 2026: actual EPS 1.31 vs estimate 1.23 (surprise +6.2%)
  • March 12, 2026: actual EPS 0.88 vs estimate 0.95 (surprise -7.2%)
  • December 16, 2025: actual EPS 2.03 vs estimate 2.18 (surprise -6.8%)
  • September 18, 2025: actual EPS 2 vs estimate 2.09 (surprise -4.5%)

Expected move

Drivers

  • Past earnings Negative

    In 4 of the last 5 quarterly reports, the stock dropped after earnings were released, with an average decline of 3.4%.

Implied move
+5.6%
Source
Options chain

Reactions over its last 20 earnings

Median move
4%
75th percentile move
4.6%
90th percentile move
5.2%
Up / down moves
7 / 13
Average up move
+2.4%
Average down move
-4.2%

Monitoring and close

What Lennar Corporation reported

Status
Finished
Actual EPS1.23
EPS estimate1.29
EPS surprise-4.5%

Lennar fell in premarket after forecasting below-consensus Q4 earnings, citing rising interest rates that worsened housing affordability. The Nasdaq 100 rally continued as oil and Treasury yields eased.

Sources (28)

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Outcome
Partial
Consolidated
+1.7%
Max favorable move (MFE)
5.9%
Max adverse move (MAE)
3.4%