Homebuilder Lennar (NYSE: LEN) will be announcing earnings results this Thursday after market hours. Here’s what to expect.

Lennar missed analysts’ revenue expectations last quarter, reporting revenues of $6.62 billion, down 13.3% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Is Lennar a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Lennar’s revenue to decline 2.9% year on year, improving from the 4.4% decrease it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Lennar has missed Wall Street’s revenue estimates multiple times over the last two years.

With Lennar being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for industrials stocks. However, there has been positive investor sentiment in the segment, with share prices up 2.2% on average over the last month. Lennar is up 6.1% during the same time .

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