Sonoco Products (NYSE: SON) reported earnings on April 19. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 1 (Q1), Sonoco Products beat expectations on revenues and beat expectations on earnings per share.

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

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

Revenue details
 Sonoco Products booked revenue of $1.21 billion. The 12 analysts polled by S&P Capital IQ predicted a top line of $1.18 billion on the same basis. GAAP reported sales were 8.5% higher than the prior-year quarter's $1.12 billion.

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 $0.52. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.49 per share on the same basis. GAAP EPS of $0.42 for Q1 were 25% lower than the prior-year quarter's $0.56 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 17.9%, 50 basis points better than the prior-year quarter. Operating margin was 7.8%, 40 basis points worse than the prior-year quarter. Net margin was 3.6%, 150 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.21 billion. On the bottom line, the average EPS estimate is $0.59.

Next year's average estimate for revenue is $4.86 billion. The average EPS estimate is $2.36.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 115 members out of 124 rating the stock outperform, and nine members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Sonoco Products 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 Sonoco Products is hold, with an average price target of $35.75.

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