Comcast (Nasdaq: CMCSA) reported earnings on May 2. Here are the numbers you need to know.

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

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

Gross margins shrank, operating margins increased, net margins expanded.

Revenue details
Comcast recorded revenue of $14.88 billion. The 22 analysts polled by S&P Capital IQ predicted net sales of $14.44 billion on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $12.13 billion.

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 $0.45. The 25 earnings estimates compiled by S&P Capital IQ forecast $0.42 per share. GAAP EPS of $0.45 for Q1 were 32% higher than the prior-year quarter's $0.34 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 39.6%, 200 basis points worse than the prior-year quarter. Operating margin was 18.5%, 20 basis points better than the prior-year quarter. Net margin was 8.2%, 40 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $15.22 billion. On the bottom line, the average EPS estimate is $0.49.

Next year's average estimate for revenue is $61.57 billion. The average EPS estimate is $1.90.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Comcast is outperform, with an average price target of $33.73.

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