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Today we are watching…
1. Lennar (#lennar)
US real estate & construction firm, Lennar, is set to post its earnings todayย and shows a good likelihood of beating analysts’ estimates. Even though the housing market has been under pressure in the US, Lennar has benefited from increased margins, higher wages and lower mortgage rates. The company has experienced solid annual orders growth and good returns on its technology investments. The consensus EPS estimate is $0.76 (-31.5%) on revenue of (+37.6%).
2. Paychex (#paycx)
Payroll and HR service provder, Paychex, is looking to continue its historic run of form with yet another earnings beat today. The company has outperformed its industry (+18.6%) by quite some distance over the last year, rising 28.1% and looks set for more gains in 2019. Corporate tax cuts are also likely to boost Paychex’s earnings this quarter, alongside strong growth in its management solutions and insurance services business. The consensus EPS estimate is $2.85 on revenue of $3.78bn.ย