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

The 10-second takeaway
For the quarter ended March 31 (Q1), Standard Parking beat expectations on revenues and earnings per share.

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

Gross margins improved, operating margins improved, and net margins dropped.

Revenue details
Standard Parking chalked up revenue of $85.5 million. The four analysts polled by S&P Capital IQ expected to see revenue of $83.0 million on the same basis. GAAP reported sales were 5.4% higher than the prior-year quarter's $81.2 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 $0.26. The five earnings estimates compiled by S&P Capital IQ averaged $0.24 per share. GAAP EPS of $0.14 for Q1 were 42% lower than the prior-year quarter's $0.24 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 25.3%, 50 basis points better than the prior-year quarter. Operating margin was 9.4%, 20 basis points better than the prior-year quarter. Net margin was 2.6%, 210 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $83.4 million. On the bottom line, the average EPS estimate is $0.34.

Next year's average estimate for revenue is $335.3 million. The average EPS estimate is $1.30.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 13 members out of 13 rating the stock outperform. Among two CAPS All-Star picks (recommendations by the highest-ranked CAPS members), two give Standard Parking a green thumbs-up.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Standard Parking is outperform, with an average price target of $22.75.

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