Homex Development (NYSE: HXM) reported earnings on May 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Homex Development beat expectations on revenues and crushed expectations on earnings per share.

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

Margins grew across the board.

Revenue details
Homex Development reported revenue of $459.7 million. The two analysts polled by S&P Capital IQ wanted to see revenue of $405.1 million on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $343.9 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 $0.72. The one earnings estimate compiled by S&P Capital IQ predicted $0.51 per share. GAAP EPS of $0.18 for Q1 were 200% higher than the prior-year quarter's $0.06 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 32.1%, 360 basis points better than the prior-year quarter. Operating margin was 21.0%, 750 basis points better than the prior-year quarter. Net margin was 13.0%, 670 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $592.2 million.

Next year's average estimate for revenue is $2.10 billion. The average EPS estimate is $5.96.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 248 members out of 264 rating the stock outperform, and 16 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Homex Development a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Homex Development is outperform, with an average price target of $22.52.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the 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 don't 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.