In the latest market close, Lennar (LEN) reached $171.50, with a +0.82% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 0.33% for the day. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq lost 0.56%.

The homebuilder's stock has dropped by 9.67% in the past month, falling short of the Construction sector's gain of 1.4% and the S&P 500's gain of 1.83%.

Analysts and investors alike will be keeping a close eye on the performance of Lennar in its upcoming earnings disclosure. In that report, analysts expect Lennar to post earnings of $4.22 per share. This would mark a year-over-year decline of 18.38%. 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.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $14.18 per share and revenue of $35.64 billion, indicating changes of -0.49% and +4.11%, respectively, compared to the previous year.

Investors should also take note of any recent adjustments to analyst estimates for Lennar. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.7% lower. Lennar presently features a Zacks Rank of #3 (Hold).

With respect to valuation, Lennar is currently being traded at a Forward P/E ratio of 11.99. This represents a premium compared to its industry's average Forward P/E of 9.67.

It's also important to note that LEN currently trades at a PEG ratio of 1.59. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Building Products - Home Builders industry was having an average PEG ratio of 0.91.

The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 88, putting it in the top 35% of all 250+ industries.