Lennar (NYSE: LEN) reported earnings on March 20. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Feb. 28 (Q1), Lennar beat expectations on revenues and beat expectations on earnings per share.

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

Gross margins contracted, operating margins increased, net margins increased.

Revenue details
 Lennar reported revenue of $989.9 million. The nine analysts polled by S&P Capital IQ looked for sales of $936.2 million on the same basis. GAAP reported sales were 37% higher than the prior-year quarter's $724.9 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 $0.26. The 16 earnings estimates compiled by S&P Capital IQ averaged $0.17 per share. GAAP EPS of $0.26 for Q1 were 225% higher than the prior-year quarter's $0.08 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 8.5%, 20 basis points worse than the prior-year quarter. Operating margin was 5.4%, 40 basis points better than the prior-year quarter. Net margin was 5.8%, 370 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $1.28 billion. On the bottom line, the average EPS estimate is $0.35.

Next year's average estimate for revenue is $5.56 billion. The average EPS estimate is $1.66.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 542 members out of 1,232 rating the stock outperform, and 690 members rating it underperform. Among 359 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 180 give Lennar a green thumbs-up, and 179 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lennar is hold, with an average price target of $39.75.

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