Alexander & Baldwin (NYSE: ALEX) reported earnings on May 9. Here are the numbers you need to know.

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

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

Margins dropped across the board.

Revenue details
Alexander & Baldwin tallied revenue of $405.0 million. The three analysts polled by S&P Capital IQ expected revenue of $396.8 million on the same basis. GAAP reported sales were 8.5% higher than the prior-year quarter's $373.3 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 $0.17. The four earnings estimates compiled by S&P Capital IQ averaged $0.14 per share. GAAP EPS of $0.09 for Q1 were 31% lower than the prior-year quarter's $0.13 per share. (The prior-year quarter included -$0.09 per share in earnings from discontinued operations.)

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 13.5%, 60 basis points worse than the prior-year quarter. Operating margin was 3.8%, 20 basis points worse than the prior-year quarter. Net margin was 0.9%, 50 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $469.0 million. On the bottom line, the average EPS estimate is $0.43.

Next year's average estimate for revenue is $1.85 billion. The average EPS estimate is $1.75.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 135 members out of 152 rating the stock outperform, and 17 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Alexander & Baldwin 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 Alexander & Baldwin is outperform, with an average price target of $55.67.

Over the decades, small-cap stocks like Alexander & Baldwin have produced 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: 2 Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.