Netgear (Nasdaq: NTGR) reported earnings yesterday. Here are the numbers you need to know.

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

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

Gross margins contracted, operating margins increased, and net margins expanded.

Revenue details
Netgear notched revenue of $325.6 million. The seven analysts polled by S&P Capital IQ expected sales of $318.8 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $278.8 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 $0.73. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.68 per share on the same basis. GAAP EPS of $0.65 for Q1 were 14% higher than the prior-year quarter's $0.57 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 30.7%, 80 basis points worse than the prior-year quarter. Operating margin was 11.2%, 30 basis points better than the prior-year quarter. Net margin was 7.7%, 10 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $318.5 million. On the bottom line, the average EPS estimate is $0.66.

Next year's average estimate for revenue is $1.35 billion. The average EPS estimate is $2.79.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,265 members rating the stock outperform and 72 members rating it underperform. Among 700 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 690 give Netgear a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Netgear is hold, with an average price target of $43.63.

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