Luminex (Nasdaq: LMNX) reported earnings on April 30. Here are the numbers you need to know.

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

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

Margins dropped across the board.

Revenue details
 Luminex reported revenue of $48.7 million. The 10 analysts polled by S&P Capital IQ expected a top line of $48.4 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $43.3 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 $0.08. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.09 per share. GAAP EPS of $0.08 for Q1 were 27% lower than the prior-year quarter's $0.11 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 69.3%, 170 basis points worse than the prior-year quarter. Operating margin was 11.5%, 770 basis points worse than the prior-year quarter. Net margin was 7.2%, 310 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $51.1 million. On the bottom line, the average EPS estimate is $0.11.

Next year's average estimate for revenue is $211.1 million. The average EPS estimate is $0.49.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 91 members out of 104 rating the stock outperform, and 13 members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Luminex a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Luminex is hold, with an average price target of $21.00.

Over the decades, small-cap stocks, like Luminex have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.