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Jack Micenko, Susquehanna homebuilder analyst, discusses homebuilder stocks heading higher on quarterly results and what it might mean for the space in 2018.
Categories: Yahoo FinanceGet free summary analysis Lennar Corporation reports financial results for the quarter ended November 29, 2017. Highlights Summary numbers: Revenues of USD 3,785.57 million, Net Earnings of USD 297.78 million. Gross margins widened from 11.41% to 11.83% compared to the same period last year, operating (EBITDA) margins now 9.73% from 10.06%. Change in operating cash ... Read more (Read more...)
The upcoming construction sector earnings results are expected to benefit from economic growth, the labor market, higher demand, tighter inventories and rising home prices. After the solid 3.1% economic growth in the in the July-September quarter, the world’s largest economy is expected to have advanced 3.3% in the fourth quarter of 2017, per the latest Atlanta Fed’s real-time Q4 GDP growth estimate. Overall, 2017 was a great year for the construction sector.
U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, likely as unseasonably cold weather at the end of the month disrupted the construction of single-family housing units. The steep drop in groundbreaking activity probably will be temporary against the backdrop of a tightening labor market. Other data on Thursday showed the number of Americans filing for unemployment benefits dropped to a 45-year low last week.
The Zacks Analyst Blog Highlights: Union Pacific, EOG Resources, NVR, Facebook and Darden Restaurants
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Goods sector is rising.
The unprecedented reversal in the stock market on Jan 16 signals at more choppy trading sessions ahead, thanks to fears of a possible federal government shutdown by the end of the week. The Republican-led Congress is facing numerous obstacles from fellow conservatives and many Democrats.
Stocks hit record highs amid generally strong earnings from Delta, JPMorgan and Lennar, even as Intel and Facebook woes hit those giants. Bitcoin retreated.
New York, NY, based Investment company Sib Llc buys Lennar Corp, sells Lululemon Athletica Inc, Lowe's Inc during the 3-months ended 2017-12-31, according to the most recent filings of the investment company, ...
Zacks.com featured highlights include: Sonic Automotive, Target, Envision Healthcare, Beazer Homes and Group 1
KB Home (KBH) reports stellar fourth-quarter fiscal 2017 results, with both the top and bottom line surpassing the consensus estimates, buoyed by solid housing fundamentals.