<p>莱纳房产（NYSE: LEN）的股价在周二下跌超过 2%。该股票在过去三个月中下跌了 14%。这家房屋建筑商计划于 2025 年 12 月 16 日市场收盘后公布其 2025 年第四季度的财报。以下是对财报的预期：</p>
<p><img src="https://imageproxy.pbkrs.com/https://cdn.news.alphastreet.com/wp-content/uploads/2025/09/Lennar-Corporation-Q3-2025.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1024" height="768" original-src="https://imageproxy.pbkrs.com/https://cdn.news.alphastreet.com/wp-content/uploads/2025/09/Lennar-Corporation-Q3-2025.png"/></p>
<h2><strong>收入</strong></h2>
<p>分析师预计莱纳房产在 2025 年第四季度的收入为 91.4 亿美元，比去年同期下降超过 8%。在 2025 年第三季度，收入同比下降 6%，为 88 亿美元。</p>
<h2><strong>盈利</strong></h2>
<p>莱纳房产预计 2025 年第四季度每股收益为 2.10-2.30 美元。分析师预测每股收益为 2.24 美元，较去年同期下降 44%。在 2025 年第三季度，调整后的每股收益同比下降 49%，为 2.00 美元。</p>
<p>莱纳房产 2025 年第三季度盈利信息图</p>
<h2><strong>注意事项</strong></h2>
<p>莱纳房产面临住房市场疲软、抵押贷款利率和经济不确定性等逆风。尽管住房需求强劲，但由于成本高企，购房的可负担性仍然受到压力。在第三季度的财报电话会议上，公司提到利率的下降导致购房者对购房的兴趣回升。较低的利率可能推动了房屋销售的增长。</p>
<p>上个季度，莱纳房产下调了对第四季度的预期，以减轻销售和交付的压力。公司预计第四季度交付量将在 22,000-23,000 之间，新订单将在 20,000-21,000 之间。预计平均销售价格为 38 万美元至 39 万美元，毛利率预计为 17.5%，与第三季度持平。</p>
<p>在第三季度，新订单同比增长 12%，但交付量保持平稳。莱纳房产在维持销售量方面遇到困难，不得不提供更多激励措施以推动销售，避免库存过剩，这对毛利率造成了影响。公司看到平均销售价格下降 9%，降至 38.3 万美元，毛利率从去年同期的 22.5% 降至 17.5%。</p>
<p>莱纳房产一直在遵循将销售速度与生产速度相匹配的战略，并降低建筑成本以实现可负担性，支持供需平衡。这一战略可能有助于其在第四季度的表现。</p>
<p>莱纳房产（LEN）财报预览：预计 2025 年第四季度收入和盈利将下降的文章首次出现在 AlphaStreet。</p>

莱纳房产-A

莱纳房产-B

<p>莱纳房产公司（NYSE: LEN）预计将在 2025 年第四季度报告较低的收入和收益，分析师预测收入将下降超过 8%，降至 91.4 亿美元，每股收益（EPS）为 2.24 美元，比去年下降 44%。尽管需求强劲，公司仍面临住房市场疲软和经济不确定性的挑战。莱纳的策略是将销售速度与生产相匹配，并降低建筑成本，这可能会支持其第四季度的表现</p>

<p>Shares of Lennar Corporation (NYSE: LEN) fell over 2% on Tuesday. The stock has dropped 14% in the past three months. The homebuilder is scheduled to report its earnings results for the fourth quarter of 2025 on Tuesday, December 16, after the market closes. Here’s a look at what to expect from the earnings report:</p>
<div class="lb-trans"><p>莱纳房产（NYSE: LEN）的股价在周二下跌超过 2%。该股票在过去三个月中下跌了 14%。这家房屋建筑商计划于 2025 年 12 月 16 日市场收盘后公布其 2025 年第四季度的财报。以下是对财报的预期：</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cdn.news.alphastreet.com/wp-content/uploads/2025/09/Lennar-Corporation-Q3-2025.png" alt="" original-src="https://cdn.news.alphastreet.com/wp-content/uploads/2025/09/Lennar-Corporation-Q3-2025.png"/></p>
<h2><strong>Revenue</strong></h2>
<div class="lb-trans"><h2><strong>收入</strong></h2>
</div><p>Analysts are projecting revenue of $9.14 billion for Lennar for the fourth quarter of 2025, which indicates a decline of over 8% from the same period a year ago. In the third quarter of 2025, revenues decreased 6% year-over-year to $8.8 billion.</p>
<div class="lb-trans"><p>分析师预计莱纳房产在 2025 年第四季度的收入为 91.4 亿美元，比去年同期下降超过 8%。在 2025 年第三季度，收入同比下降 6%，为 88 亿美元。</p>
</div><h2><strong>Earnings</strong></h2>
<div class="lb-trans"><h2><strong>盈利</strong></h2>
</div><p>Lennar has guided for earnings per share of $2.10-2.30 for Q4 2025. Analysts are predicting EPS of $2.24, which points to a decline of 44% from the prior-year quarter. In Q3 2025, adjusted EPS fell 49% YoY to $2.00.</p>
<div class="lb-trans"><p>莱纳房产预计 2025 年第四季度每股收益为 2.10-2.30 美元。分析师预测每股收益为 2.24 美元，较去年同期下降 44%。在 2025 年第三季度，调整后的每股收益同比下降 49%，为 2.00 美元。</p>
</div><p>Lennar Q3 2025 Earnings Infographic</p>
<div class="lb-trans"><p>莱纳房产 2025 年第三季度盈利信息图</p>
</div><h2><strong>Points to note</strong></h2>
<div class="lb-trans"><h2><strong>注意事项</strong></h2>
</div><p>Lennar has been facing headwinds from housing market softness, mortgage rates, and economic uncertainty. Although there is high demand for housing, affordability has remained pressured due to high costs. On its Q3 earnings call, the company mentioned that the drop in interest rates had led to a pickup in interest from homebuyers to move forward with home purchases. Lower interest rates may have helped push home sales forward.</p>
<div class="lb-trans"><p>莱纳房产面临住房市场疲软、抵押贷款利率和经济不确定性等逆风。尽管住房需求强劲，但由于成本高企，购房的可负担性仍然受到压力。在第三季度的财报电话会议上，公司提到利率的下降导致购房者对购房的兴趣回升。较低的利率可能推动了房屋销售的增长。</p>
</div><p>Last quarter, Lennar lowered its expectations for the fourth quarter to relieve pressure on sales and deliveries. The company expects deliveries to range between 22,000-23,000 and new orders to range between 20,000-21,000 for Q4. Average sales price is expected to be $380,000-390,000 and gross margin is expected to be 17.5%, in line with the third quarter.</p>
<div class="lb-trans"><p>上个季度，莱纳房产下调了对第四季度的预期，以减轻销售和交付的压力。公司预计第四季度交付量将在 22,000-23,000 之间，新订单将在 20,000-21,000 之间。预计平均销售价格为 38 万美元至 39 万美元，毛利率预计为 17.5%，与第三季度持平。</p>
</div><p>In Q3, new orders increased 12% YoY but deliveries remained flat. LEN faced difficulty maintaining sales volume and had to offer more incentives to drive sales and avoid building up excess inventory, which took a toll on margins. The company saw average sales price decline 9% to $383,000 and gross margin drop to 17.5% from 22.5% a year ago.</p>
<div class="lb-trans"><p>在第三季度，新订单同比增长 12%，但交付量保持平稳。莱纳房产在维持销售量方面遇到困难，不得不提供更多激励措施以推动销售，避免库存过剩，这对毛利率造成了影响。公司看到平均销售价格下降 9%，降至 38.3 万美元，毛利率从去年同期的 22.5% 降至 17.5%。</p>
</div><p>Lennar has been following its strategy of matching its sales pace to its production pace and it has been lowering its construction costs to enable affordability and support the supply and demand balance. This strategy is likely to have helped its performance in the fourth quarter.</p>
<div class="lb-trans"><p>莱纳房产一直在遵循将销售速度与生产速度相匹配的战略，并降低建筑成本以实现可负担性，支持供需平衡。这一战略可能有助于其在第四季度的表现。</p>
</div><p>The post Lennar (LEN) Earnings Preview: Lower revenue and earnings expected for Q4 2025 first appeared on AlphaStreet.</p>
<div class="lb-trans"><p>莱纳房产（LEN）财报预览：预计 2025 年第四季度收入和盈利将下降的文章首次出现在 AlphaStreet。</p>
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莱纳房产-A (LEN) 财报预览：预计 2025 年第四季度的收入和收益将下降