Toro (NYSE: TTC) reported earnings on May 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended May 4 (Q2), Toro beat expectations on revenues and beat expectations on earnings per share.

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

Margins increased across the board.

Revenue details
Toro chalked up revenue of $691.5 million. The three analysts polled by S&P Capital IQ predicted sales of $676.4 million on the same basis. GAAP reported sales were 9.5% higher than the prior-year quarter's $631.6 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 $2.26. The five earnings estimates compiled by S&P Capital IQ anticipated $2.14 per share. GAAP EPS of $2.26 for Q2 were 20% higher than the prior-year quarter's $1.88 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 34.0%, 20 basis points better than the prior-year quarter. Operating margin was 15.4%, 60 basis points better than the prior-year quarter. Net margin was 10.0%, 50 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $536.5 million. On the bottom line, the average EPS estimate is $1.28.

Next year's average estimate for revenue is $2.04 billion. The average EPS estimate is $4.38.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 172 members out of 183 rating the stock outperform, and 11 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give Toro a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Toro is outperform, with an average price target of $69.80.

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