Desarrolladora Homex (NYSE: HXM) is expected to report Q3 earnings on Oct. 23. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Desarrolladora Homex's revenues will grow 70.4% and EPS will increase 111.1%.
The average estimate for revenue is $704.1 million. On the bottom line, the average EPS estimate is $1.52.
Revenue details
Last quarter, Desarrolladora Homex reported revenue of $533.9 million. GAAP reported sales were 14% higher than the prior-year quarter's $468.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.90. GAAP EPS of $0.09 for Q2 were 31% lower than the prior-year quarter's $0.13 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 27.7%, 320 basis points worse than the prior-year quarter. Operating margin was 18.1%, 80 basis points better than the prior-year quarter. Net margin was 7.4%, 180 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $2.54 billion. The average EPS estimate is $4.68.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 249 members out of 265 rating the stock outperform, and 16 members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Desarrolladora Homex 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 Desarrolladora Homex is outperform, with an average price target of $19.22.
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