Harmonic (Nasdaq: HLIT) reported earnings on April 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 30 (Q1), Harmonic met expectations on revenues and beat expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
 Harmonic reported revenue of $127.7 million. The six analysts polled by S&P Capital IQ expected sales of $126.7 million on the same basis. GAAP reported sales were 3.8% lower than the prior-year quarter's $132.8 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 $0.03. The five earnings estimates compiled by S&P Capital IQ predicted $0.02 per share on the same basis. GAAP EPS were -$0.06 for Q1 against $0.00 per share for the prior-year quarter.

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 42.0%, 460 basis points worse than the prior-year quarter. Operating margin was -6.8%, 670 basis points worse than the prior-year quarter. Net margin was -5.9%, 630 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $135.9 million. On the bottom line, the average EPS estimate is $0.08.

Next year's average estimate for revenue is $557.0 million. The average EPS estimate is $0.28.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 295 members out of 313 rating the stock outperform, and 18 members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Harmonic 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 Harmonic is outperform, with an average price target of $7.28.

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