The most recent trading session ended with Lennar (LEN) standing at $166.33, reflecting a +0.09% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 0.02%. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.26%.

Shares of the homebuilder witnessed a loss of 10.19% over the previous month, trailing the performance of the Construction sector with its gain of 2.39% and the S&P 500's gain of 2.99%.

The upcoming earnings release of Lennar will be of great interest to investors. The company is forecasted to report an EPS of $4.22, showcasing a 18.38% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $10.16 billion, indicating a 7.4% decline compared to the corresponding quarter of the prior year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $14.18 per share and revenue of $35.64 billion, which would represent changes of -0.49% and +4.11%, respectively, from the prior year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Lennar. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Lennar is holding a Zacks Rank of #3 (Hold) right now.

Digging into valuation, Lennar currently has a Forward P/E ratio of 11.72. Its industry sports an average Forward P/E of 9.49, so one might conclude that Lennar is trading at a premium comparatively.

We can additionally observe that LEN currently boasts a PEG ratio of 1.56. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Building Products - Home Builders industry stood at 0.86 at the close of the market yesterday.