Lennar Outperforms On Orders And Earnings, But Analysts Caution On Weaker Margins And Q2 Outlook
1. Lennar's Q1 adjusted EPS of $2.14 exceeded estimates and consensus. 2. Weak demand persists due to affordability concerns affecting mid-point closings. 3. Lower gross margin and ASP projected for Q2, impacting outlook. 4. Analysts maintain cautious ratings amid challenging macroeconomic conditions. 5. LEN shares dropped 3.6% following the earnings release.