Suburban Propane Partners (NYSE: SPH) reported earnings on May 3. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 24 (Q2), Suburban Propane Partners whiffed on revenues and whiffed on earnings per share.

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

Margins contracted across the board.

Revenue details
 Suburban Propane Partners reported revenue of $357.6 million. The five analysts polled by S&P Capital IQ predicted revenue of $440.4 million on the same basis. GAAP reported sales were 23% lower than the prior-year quarter's $464.1 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 $1.46. The six earnings estimates compiled by S&P Capital IQ averaged $2.26 per share. GAAP EPS of $1.38 for Q2 were 51% lower than the prior-year quarter's $2.81 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 21.8%, 580 basis points worse than the prior-year quarter. Operating margin was 15.7%, 780 basis points worse than the prior-year quarter. Net margin was 13.9%, 770 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $207.6 million. On the bottom line, the average EPS estimate is -$0.16.

Next year's average estimate for revenue is $1.06 billion. The average EPS estimate is $1.56.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Suburban Propane Partners is hold, with an average price target of $45.25.

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