NEW YORK (TheStreet) -- Lennar Corp. (LEN) will release its second quarter 2015 earnings results before the market open on Wednesday morning. Analysts are expecting the home builder to report a year-over-year rise in its earnings per share and revenue results.
Lennar has been forecast to report earnings of 64 cents per share on revenue of $2.02 billion for the most recent quarter.
Last year, Lennar said it earned 61 cents per diluted share on $1.82 billion in revenue for the 2014 second quarter.
Shares of Lennar are up by 0.37% to $49.18 in after-hours trading today. The stock spent the day in the red, down by 1.01% to $49 by Tuesday's close.
Some home builder stocks were trading in the green on Tuesday, following the release of data showing new single family home sales rose to a seven year high in May.
The Commerce Department said sales gained by 2.2% to a seasonally adjusted annual rate of 546,000 units, the highest level since February 2008, Reuters reports.
Economists polled by Reuters had forecast for a 525,000 unit pace for May.
Separately, TheStreet Ratings team rates LENNAR CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate LENNAR CORP (LEN) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, reasonable valuation levels and compelling growth in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."