Desarrolladora Homex (NYSE: HXM ) reported earnings on Oct. 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Desarrolladora Homex whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins grew, net margins expanded.
Desarrolladora Homex logged revenue of $581.6 million. The three analysts polled by S&P Capital IQ expected revenue of $704.1 million on the same basis. GAAP reported sales were 41% higher than the prior-year quarter's $413.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.80. The three earnings estimates compiled by S&P Capital IQ anticipated $1.52 per share. GAAP EPS of $0.11 for Q3 were 175% higher than the prior-year quarter's $0.04 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.9%, 310 basis points worse than the prior-year quarter. Operating margin was 22.1%, 110 basis points better than the prior-year quarter. Net margin was 6.5%, 340 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $767.5 million. On the bottom line, the average EPS estimate is $1.52.
Next year's average estimate for revenue is $2.49 billion. The average EPS estimate is $4.68.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 249 members out of 266 rating the stock outperform, and 17 members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Desarrolladora Homex a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Desarrolladora Homex is outperform, with an average price target of $18.53.
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