Renner (NYSE:LEN) Full Year 2022 Results
Key financial results
- Revenue: USD 33.7 billion (up 24% from 2021).
- Net profit: USD 4.56 billion (up 4.2% from 2021).
- Margin: 14% (down from 16% in 2021). The decrease in margin was due to an increase in expenses.
- EPS: USD 15.74 (up from USD 14.28 in 2021).
All numbers shown in the chart above are for the last 12 months (TTM) period.
Lennar EPS disappoints
Earnings were in line with analyst estimates. Earnings per share (EPS) fell short of analyst estimates by 3.7%.
Revenues are expected to decline at an average annual rate of 2.5% over the next three years, compared to a forecast decline of 1.3% for the US durables industry.
performance of America’s consumer durables industry.
The company’s stock is up 4.1% from a week ago.
It is worth noting that we discovered 1 Lennar warning sign what you need to consider.
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