D.R. Horton (NYSE: DHI) reported earnings on April 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), D.R. Horton beat expectations on revenues and beat expectations on earnings per share.

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

Margins improved across the board.

Revenue details
D.R. Horton tallied revenue of $961.2 million. The 13 analysts polled by S&P Capital IQ expected net sales of $859.9 million on the same basis. GAAP reported sales were 28% higher than the prior-year quarter's $751.1 million.

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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 $0.13. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.04 per share. GAAP EPS of $0.13 for Q2 were 44% higher than the prior-year quarter's $0.09 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 17.9%, 180 basis points better than the prior-year quarter. Operating margin was 4.6%, 490 basis points better than the prior-year quarter. Net margin was 4.2%, 50 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.15 billion. On the bottom line, the average EPS estimate is $0.18.

Next year's average estimate for revenue is $4.13 billion. The average EPS estimate is $0.52.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 560 members out of 1,132 rating the stock outperform, and 572 members rating it underperform. Among 358 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 143 give D.R. Horton a green thumbs-up, and 215 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on D.R. Horton is hold, with an average price target of $16.15.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.