Micrel (Nasdaq: MCRL) reported earnings on April 26. Here are the numbers you need to know.

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

Compared with the prior-year quarter, revenue shrank and GAAP earnings per share dropped significantly.

Margins contracted across the board.

Revenue details
Micrel reported revenue of $61.2 million. The one analyst polled by S&P Capital IQ expected to see revenue of $60.0 million on the same basis. GAAP reported sales were 9.4% lower than the prior-year quarter's $67.5 million.

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 $0.09. The two earnings estimates compiled by S&P Capital IQ anticipated $0.05 per share. GAAP EPS of $0.09 for Q1 were 36% lower than the prior-year quarter's $0.14 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 54.3%, 180 basis points worse than the prior-year quarter. Operating margin was 14.2%, 540 basis points worse than the prior-year quarter. Net margin was 8.9%, 450 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $63.5 million. On the bottom line, the average EPS estimate is $0.09.

Next year's average estimate for revenue is $267.5 million. The average EPS estimate is $0.40.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 113 members out of 119 rating the stock outperform, and six members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Micrel 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 Micrel is outperform, with an average price target of $16.50.

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