Bemis (NYSE: BMS) reported earnings on April 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Bemis met expectations on revenues and beat expectations on earnings per share.

Compared with the prior-year quarter, revenue contracted slightly and GAAP earnings per share contracted.

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

Revenue details
Bemis booked revenue of $1.30 billion. The 10 analysts polled by S&P Capital IQ hoped for revenue of $1.32 billion on the same basis. GAAP reported sales were 1.5% lower than the prior-year quarter's $1.32 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
Non-GAAP EPS came in at $0.49. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.47 per share on the same basis. GAAP EPS of $0.42 for Q1 were 11% lower than the prior-year quarter's $0.47 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 17.7%, 30 basis points better than the prior-year quarter. Operating margin was 7.4%, 60 basis points worse than the prior-year quarter. Net margin was 3.4%, 50 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.36 billion. On the bottom line, the average EPS estimate is $0.54.

Next year's average estimate for revenue is $5.35 billion. The average EPS estimate is $2.11.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bemis is hold, with an average price target of $32.78.

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