Rockwell Collins (NYSE: COL) reported earnings on April 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), Rockwell Collins met expectations on revenues and earnings per share.

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

Margins expanded across the board.

Revenue details
Rockwell Collins reported revenue of $1.16 billion. The 17 analysts polled by S&P Capital IQ hoped for revenue of $1.18 billion on the same basis. GAAP reported sales were 4.5% lower than the prior-year quarter's $1.22 billion.

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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 $1.09. The 18 earnings estimates compiled by S&P Capital IQ forecast $1.09 per share. GAAP EPS of $1.09 for Q2 were 14% higher than the prior-year quarter's $0.96 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 30.2%, 130 basis points better than the prior-year quarter. Operating margin was 18.4%, 60 basis points better than the prior-year quarter. Net margin was 13.9%, 160 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.24 billion. On the bottom line, the average EPS estimate is $1.17.

Next year's average estimate for revenue is $4.86 billion. The average EPS estimate is $4.44.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 338 members out of 354 rating the stock outperform, and 16 members rating it underperform. Among 105 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 102 give Rockwell Collins a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rockwell Collins is outperform, with an average price target of $64.69.

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