TransDigm Group (NYSE: TDG) reported earnings today. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q1), TransDigm Group beat expectations on revenues and beat expectations on earnings per share.

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

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

Revenue details
TransDigm Group logged revenue of $352.5 million. The 13 analysts polled by S&P Capital IQ hoped for net sales of $340.6 million. Sales were 49% higher than the prior-year quarter's $240.0 million.

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

EPS details
Non-GAAP EPS came in at $1.42. The 14 earnings estimates compiled by S&P Capital IQ predicted $1.26 per share on the same basis. GAAP EPS were $1.15 for Q1 compared to -$0.19 per share for the prior-year quarter.

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 56.6%, 20 basis points better than the prior-year quarter. Operating margin was 41.2%, 50 basis points worse than the prior-year quarter. Net margin was 18.5%, 2,160 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $361.2 million. On the bottom line, the average EPS estimate is $1.37.

Next year's average estimate for revenue is $1.47 billion. The average EPS estimate is $5.65.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 260 members out of 271 rating the stock outperform, and 11 members rating it underperform. Among 104 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 102 give TransDigm Group a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TransDigm Group is outperform, with an average price target of $107.47.