HEICO (NYSE: HEI) reported earnings on May 22. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 30 (Q2), HEICO met expectations on revenues and missed estimates on earnings per share.

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

Margins shrank across the board.

Revenue details
HEICO chalked up revenue of $216.3 million. The 12 analysts polled by S&P Capital IQ expected to see net sales of $219.1 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $184.5 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 $0.36. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.37 per share. GAAP EPS of $0.36 for Q2 were 13% higher than the prior-year quarter's $0.32 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 34.8%, 120 basis points worse than the prior-year quarter. Operating margin was 17.4%, 40 basis points worse than the prior-year quarter. Net margin was 8.8%, 30 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $232.6 million. On the bottom line, the average EPS estimate is $0.43.

Next year's average estimate for revenue is $910.1 million. The average EPS estimate is $1.58.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 149 members out of 161 rating the stock outperform, and 12 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give HEICO 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 HEICO is outperform, with an average price target of $47.84.

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