PMFG (Nasdaq: PMFG) reported earnings on May 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q3), PMFG met expectations on revenues and beat expectations on earnings per share.

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

Gross margins contracted, operating margins expanded, net margins dropped.

Revenue details
PMFG reported revenue of $35.5 million. The six analysts polled by S&P Capital IQ predicted revenue of $35.5 million on the same basis. GAAP reported sales were 4.5% higher than the prior-year quarter's $34.0 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 $0.06. The six earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. GAAP EPS of $0.05 for Q3 were 81% lower than the prior-year quarter's $0.27 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 28.6%, 290 basis points worse than the prior-year quarter. Operating margin was 3.4%, 100 basis points better than the prior-year quarter. Net margin was 2.9%, 1,170 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $38.0 million. On the bottom line, the average EPS estimate is $0.06.

Next year's average estimate for revenue is $141.0 million. The average EPS estimate is $0.12.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 309 members out of 322 rating the stock outperform, and 13 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give PMFG 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 PMFG is outperform, with an average price target of $21.33.

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