OMNOVA Solutions (NYSE: OMN) reported earnings yesterday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Feb. 29 (Q1), OMNOVA Solutions beat expectations on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
OMNOVA Solutions booked revenue of $275.9 million. The one analyst polled by S&P Capital IQ expected to see revenue of $259.5 million on the same basis. GAAP reported sales were 4.4% lower than the prior-year quarter's $288.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.22. The four earnings estimates compiled by S&P Capital IQ predicted $0.11 per share on the same basis. GAAP EPS of $0.28 for Q1 were much higher than the prior-year quarter's $0.02 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 22.1%, 150 basis points better than the prior-year quarter. Operating margin was 8.5%, 210 basis points better than the prior-year quarter. Net margin was 4.6%, 430 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $315.0 million. On the bottom line, the average EPS estimate is $0.14.

Next year's average estimate for revenue is $1.23 billion. The average EPS estimate is $0.53.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 150 members out of 166 rating the stock outperform, and 17 members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give OMNOVA Solutions a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OMNOVA Solutions is buy, with an average price target of $7.33.

Over the decades, small-cap stocks, like OMNOVA Solutions have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.