Texas Industries (NYSE: TXI) reported earnings on March 28. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Feb. 29 (Q3), Texas Industries beat slightly on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP loss per share improved.

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

Revenue details
Texas Industries booked revenue of $134.6 million. The nine analysts polled by S&P Capital IQ foresaw revenue of $132.8 million on the same basis. GAAP reported sales were 7.0% higher than the prior-year quarter's $125.8 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 -$0.87. The 11 earnings estimates compiled by S&P Capital IQ predicted -$0.81 per share. GAAP EPS were -$0.87 for Q3 compared to -$0.75 per share for the prior-year quarter.

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 0.6%, 800 basis points better than the prior-year quarter. Operating margin was -13.1%, 810 basis points better than the prior-year quarter. Net margin was -18.0%, 140 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $183.5 million. On the bottom line, the average EPS estimate is -$0.30.

Next year's average estimate for revenue is $655.0 million. The average EPS estimate is -$2.05.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 104 members out of 127 rating the stock outperform, and 23 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Texas Industries a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Texas Industries is hold, with an average price target of $31.43.

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