Lennar Corp. (LEN) - Get Report is expected to report adjusted net income of $422.5 million, or $1.32 a share, on sales of $5.4 billion before the market opens on Wednesday, based on a FactSet survey of 16 analysts.
In the same period a year ago, the company posted earnings of $1.37 a share on sales of $5.7 billion. It reported net income of $307.6 million.
Quarterly estimates have fallen less than 1 cent a share in the past month.
In the upcoming quarter analysts are forecasting adjusted net income of $618 million, or $1.93 a share, on sales of $6.6 billion.
Lennar is currently trading at a price-to-forward-earnings ratio of 9.7 based on the 12-month estimates of 18 analysts surveyed by FactSet.
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