Meridian Bioscience (Nasdaq: VIVO) reported earnings on April 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), Meridian Bioscience beat expectations on revenues and beat expectations on earnings per share.

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

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

Revenue details
Meridian Bioscience booked revenue of $47.4 million. The eight analysts polled by S&P Capital IQ foresaw revenue of $45.4 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $41.1 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 $0.23. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.21 per share. GAAP EPS of $0.23 for Q2 were 28% higher than the prior-year quarter's $0.18 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 62.7%, 180 basis points worse than the prior-year quarter. Operating margin was 31.7%, 140 basis points better than the prior-year quarter. Net margin was 20.3%, 260 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $46.5 million. On the bottom line, the average EPS estimate is $0.22.

Next year's average estimate for revenue is $181.0 million. The average EPS estimate is $0.83.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 463 members out of 475 rating the stock outperform, and 12 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 117 give Meridian Bioscience a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Meridian Bioscience is hold, with an average price target of $20.00.

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