Lennar Corporation continues to face significant financial challenges, with its backlog experiencing a sharp 15.1% decline. The company is projected to report a staggering 55.14% year-over-year drop in earnings per share to $0.96, reflecting the ongoing housing affordability crisis. As shares fall to $119.99, Lennar is forced to cut home prices amid stagnating sales and a breakeven free cash flow margin. Investor confidence wanes, indicated by its poor Zacks Rank of #5 (Strong Sell) and notable withdrawals from major investors.
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