Johnson Controls (NYSE: JCI) reported earnings on July 19. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q3), Johnson Controls missed estimates on revenues and missed estimates on earnings per share.

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

Gross margins shrank, operating margins grew, net margins improved.

Revenue details
 Johnson Controls reported revenue of $10.58 billion. The 21 analysts polled by S&P Capital IQ predicted revenue of $10.83 billion on the same basis. GAAP reported sales were 2.1% higher than the prior-year quarter's $10.36 billion.

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 $0.64. The 23 earnings estimates compiled by S&P Capital IQ forecast $0.67 per share. GAAP EPS of $0.61 for Q3 were 17% higher than the prior-year quarter's $0.52 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 14.5%, 50 basis points worse than the prior-year quarter. Operating margin was 5.2%, 80 basis points better than the prior-year quarter. Net margin was 3.9%, 50 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $11.16 billion. On the bottom line, the average EPS estimate is $0.85.

Next year's average estimate for revenue is $42.73 billion. The average EPS estimate is $2.63.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,195 members out of 1,250 rating the stock outperform, and 55 members rating it underperform. Among 259 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 249 give Johnson Controls a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Johnson Controls is outperform, with an average price target of $39.33.

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