Lennar (NYSE: LEN) reported earnings on Sep. 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Aug. 31 (Q3), Lennar beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.

Gross margins shrank, operating margins contracted, net margins grew.

Revenue details
 Lennar booked revenue of $1.10 billion. The 12 analysts polled by S&P Capital IQ foresaw net sales of $1.05 billion on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $820.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.40. The 20 earnings estimates compiled by S&P Capital IQ predicted $0.27 per share. GAAP EPS of $0.40 for Q3 were 264% higher than the prior-year quarter's $0.11 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 8.3%, 320 basis points worse than the prior-year quarter. Operating margin was 5.3%, 340 basis points worse than the prior-year quarter. Net margin was 7.9%, 540 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.21 billion. On the bottom line, the average EPS estimate is $0.36.

Next year's average estimate for revenue is $3.88 billion. The average EPS estimate is $1.45.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 519 members out of 1,217 rating the stock outperform, and 698 members rating it underperform. Among 352 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 151 give Lennar a green thumbs-up, and 201 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lennar is outperform, with an average price target of $30.87.