Methode Electronics (NYS: MEI) reported earnings on Dec. 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Oct. 27 (Q2), Methode Electronics beat expectations on revenues and crushed expectations on earnings per share.

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


Gross margins contracted, operating margins expanded, net margins increased.

Revenue details
Methode Electronics chalked up revenue of $129.8 million. The one analyst polled by S&P Capital IQ looked for sales of $122.8 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $115.9 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 $0.62. The one earnings estimate compiled by S&P Capital IQ anticipated $0.12 per share. GAAP EPS of $0.62 for Q2 were much higher than the prior-year quarter's $0.01 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 17.2%, 80 basis points worse than the prior-year quarter. Operating margin was 5.5%, 320 basis points better than the prior-year quarter. Net margin was 18.0%, 1,770 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $108.0 million. On the bottom line, the average EPS estimate is $0.02.

Next year's average estimate for revenue is $476.1 million. The average EPS estimate is $0.45.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 143 members out of 154 rating the stock outperform, and 11 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Methode Electronics a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Methode Electronics is hold, with an average price target of $12.00.

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The article Methode Electronics Beats on the Top Line originally appeared on Fool.com.

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. The Motley Fool has no positions in the stocks mentioned above. 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.

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