Earnings Report · After-Hours Watch · mangostracker.ai

Last night's earnings

Wednesday, September 16, 2026 — the Triple Check on that evening's after-hours reports.

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Lennar misses on both lines as housing affordability squeeze deepens — A quiet after-hours session was dominated by homebuilder Lennar, whose Q3 results and cautious Q4 outlook underscored ongoing margin and demand pressure from elevated mortgage rates.

Reports covered

1 company reviewed.

LEN

Miss

EPS vs. Consensus

$1.23 adjusted actual vs $1.30 consensus (-5.4%)

Revenue vs. Consensus

$8.05B actual vs $8.32B consensus (-3.2%, also -8.7% YoY)

Forward Guidance

Q4 guidance calls for 19,500-20,500 new orders, 22,000-23,000 deliveries, and gross margin of just 15.5%-16.0%, with full-year delivery guidance trimmed to 80,000-81,000 homes, citing affordability constraints and elevated mortgage rates weighing on buyer urgency.

Price Reaction

-2.8% after hours

Lennar missed on both EPS and revenue as operating margin compressed to 5.5% from 7.9% a year ago and backlog fell 4.5% YoY. Management leaned on its even-flow/land-light strategy and lower incentives to defend margins, but the trimmed full-year delivery outlook signals demand and pricing power remain under pressure from high rates and affordability constraints.

What this is (and isn't)

A fourth, independent lens — this one on the companies that just reported (or are about to), not the tape itself.

Every weekday evening around 7:30 PM ET, a separate job checks which notable companies (our own maintained watchlist, plus other market-moving names when relevant) reported earnings after that day's close, and runs each through a "Triple Check": actual EPS and revenue against Wall Street consensus, and — the part that drives most of the actual price reaction — forward guidance. On Fridays, a same-day recap is low-value heading into a weekend with no trading day right after, so that run instead previews which notable companies are scheduled to report the following week.

This job never places trades — it has no access to cash, holdings, or the trade ledger
Ideas here are commentary, not positions in the paper portfolio
It's fine, and common, for a quiet night (or week) to produce nothing to report

How reports are graded

The same rubric applied to every company reviewed.

Grade	Criteria	Typical reaction
Strong Beat	Beat EPS & revenue, raised guidance	Sharp gap up (+5% to +15%+)
Beat	Beat EPS & revenue, guidance unchanged	Moderate pop, can get sold off
In-Line / Soft Beat	EPS beat (often via cost-cutting), revenue missed or guidance lowered	Mixed to negative
Miss	Missed EPS or revenue, weak guidance	Sharp gap down (-5% to -20%+)

Timing

Weekday evenings run the recap above; Fridays run the week-ahead preview instead.

4:00 PM ET

The market closes. Most companies that report today do so shortly after this, in the after-hours session.

~7:30 PM ET

This job fires — enough time for the initial post-earnings price reaction and analyst commentary to develop — and this page updates.

Last night's earnings

Reports covered

What this is (and isn't)

How reports are graded

Timing

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