Dycom Industries (NYSE: DY) reported earnings on May 22. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 28 (Q3), Dycom Industries beat expectations on revenues and beat expectations on earnings per share.

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

Margins improved across the board.

Revenue details
Dycom Industries tallied revenue of $296.1 million. The seven analysts polled by S&P Capital IQ wanted to see a top line of $283.3 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $252.4 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 $0.28. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.21 per share. GAAP EPS of $0.28 for Q3 were much higher than the prior-year quarter's $0.04 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 18.5%, 30 basis points better than the prior-year quarter. Operating margin was 4.1%, 140 basis points better than the prior-year quarter. Net margin was 3.3%, 270 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $327.0 million. On the bottom line, the average EPS estimate is $0.41.

Next year's average estimate for revenue is $1.20 billion. The average EPS estimate is $1.11.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 115 members out of 122 rating the stock outperform, and seven members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Dycom Industries a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dycom Industries is outperform, with an average price target of $28.17.

Over the decades, small-cap stocks, like Dycom Industries 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.