The 10-second takeaway
For the quarter ended June 30 (Q2), Desarrolladora Homex whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. GAAP earnings per share shrank to a loss.
Margins contracted across the board.
Desarrolladora Homex reported revenue of $85.6 million. The three analysts polled by S&P Capital IQ hoped for sales of $359.3 million on the same basis. GAAP reported sales were 84% lower than the prior-year quarter's $533.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$2.33. The two earnings estimates compiled by S&P Capital IQ predicted $1.51 per share. GAAP EPS were -$2.33 for Q2 versus $0.09 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was -865.1%, much worse than the prior-year quarter. Operating margin was -1083.5%, much worse than the prior-year quarter. Net margin was -911.4%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $376.9 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $1.50 billion. The average EPS estimate is $3.30.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 268 members out of 284 rating the stock outperform, and 16 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 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 underperform, with an average price target of $11.48.
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