Hibbett Sports (Nasdaq: HIBB) reported earnings on May 18. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 28 (Q1), Hibbett Sports beat expectations on revenue and beat expectations on earnings per share.

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

Margins improved across the board.

Revenue details
Hibbett Sports reported revenue of $232.9 million. The 16 analysts polled by S&P Capital IQ looked for net sales of $226.6 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $203.7 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 $0.98. The 16 earnings estimates compiled by S&P Capital IQ averaged $0.92 per share. GAAP EPS of $0.98 for Q1 were 29% higher than the prior-year quarter's $0.76 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 38.0%, 80 basis points better than the prior-year quarter. Operating margin was 18.2%, 140 basis points better than the prior-year quarter. Net margin was 11.3%, 80 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $167.8 million. On the bottom line, the average EPS estimate is $0.27.

Next year's average estimate for revenue is $815.0 million. The average EPS estimate is $2.61.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Hibbett Sports a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hibbett Sports is hold, with an average price target of $55.08.

Over the decades, small-cap stocks like Hibbett Sports have provided 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: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.