GameStop (NYSE: GME) reported earnings on Thursday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 28 (Q1), GameStop missed slightly on revenues and beat slightly on earnings per share.

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

Gross margins improved, operating margins were steady, and net margins grew.

Revenue details
GameStop booked revenue of $2.00 billion. The 10 analysts polled by S&P Capital IQ expected to see a top line of $2.04 billion on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $2.28 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 $0.54. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.53 per share. GAAP EPS of $0.54 for Q1 were 3.6% lower than the prior-year quarter's $0.56 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 30.0%, 280 basis points better than the prior-year quarter. Operating margin was 5.7%, about the same as the prior-year quarter. Net margin was 3.6%, 10 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.61 billion. On the bottom line, the average EPS estimate is $0.18.

Next year's average estimate for revenue is $9.26 billion. The average EPS estimate is $3.18.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 2,917 members rating the stock outperform and 282 members rating it underperform. Among 712 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 639 give GameStop a green thumbs-up, and 73 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on GameStop is outperform, with an average price target of $29.33.

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