One of the Fortune 500 listed companies is due to report its earnings per share and revenues for the past quarter on the 27th.
Lennar is a Miami based real estate giant and investors will be eager to find out how the company is performing because the real estate is a key component and indicator of the well-being of the overall American economy.
Lennar is expected to report earnings before the market open, and the forecast is for 0.75$ per share. The actual EPS reports have beaten the estimates on the last four occasions and the expectation.
However, raising investor concerns for a potential market recession, that were sparked last week with the yield curve crossing into negative territory for the first time since 2007, could potentially impede the positive impact from in the event of better-than-expected reported results.
The stock selloff that was triggered by the yield curve could affect the real estate market, considering the fact that the same sector was amongst the most damaged industries in the last credit crunch.
If you would like to learn more about the potential consequences of an inverted yield curve you can read our article.
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