Parker Hannifin (NYSE: PH) reported earnings on Jan. 20. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Parker Hannifin met expectations on revenue and missed on earnings per share.

Compared to the prior-year quarter, revenue grew, and earnings per share grew.

Gross margins dropped, operating margins increased, net margins dropped.

Revenue details
Parker Hannifin logged revenue of $3.1 billion. The 10 analysts polled by S&P Capital IQ hoped for revenue of $3.1 billion. Sales were 8.4% higher than the prior-year quarter's $2.9 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
EPS came in at $1.56. The 14 earnings estimates compiled by S&P Capital IQ forecast $1.62 per share. GAAP EPS of $1.56 for Q2 were 12% higher than the prior-year quarter's $1.39 per share.

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 23.4%, 10 basis points worse than the prior-year quarter. Operating margin was 11.5%, 10 basis points better than the prior-year quarter. Net margin was 7.7%, 30 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.4 billion. On the bottom line, the average EPS estimate is $1.92.

Next year's average estimate for revenue is $13.1 billion. The average EPS estimate is $7.40.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 553 members out of 569 rating the stock outperform, and 16 members rating it underperform. Among 182 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 181 give Parker Hannifin a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Parker Hannifin is outperform, with an average price target of $93.50.