Lennar (LEN) closed the latest trading day at $168.75, indicating a +0.49% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.4%. Elsewhere, the Dow saw a downswing of 0.28%, while the tech-heavy Nasdaq appreciated by 1.04%.

Heading into today, shares of the homebuilder had lost 7.04% over the past month, lagging the Construction sector's loss of 1.56% and the S&P 500's gain of 0.62% in that time.

The investment community will be paying close attention to the earnings performance of Lennar in its upcoming release. The company is predicted to post an EPS of $4.22, indicating a 18.38% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $10.16 billion, indicating a 7.4% downward movement from the same quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.18 per share and revenue of $35.64 billion. These totals would mark changes of -0.49% and +4.11%, respectively, from last year.

Investors should also pay attention to any latest changes in analyst estimates for Lennar. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Lennar is currently a Zacks Rank #3 (Hold).

Investors should also note Lennar's current valuation metrics, including its Forward P/E ratio of 11.84. This signifies a premium in comparison to the average Forward P/E of 9.37 for its industry.

We can also see that LEN currently has a PEG ratio of 1.57. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. LEN's industry had an average PEG ratio of 0.67 as of yesterday's close.

The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 80, putting it in the top 32% of all 250+ industries.