Pilgrim's (NYSE: PPC) reported earnings on July 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 24 (Q2), Pilgrim's missed estimates on revenue and beat expectations on earnings per share.

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

Margins improved across the board.

Revenue details
Pilgrim's reported revenue of $1.97 billion. The four analysts polled by S&P Capital IQ expected sales of $2.04 billion on the same basis. GAAP reported sales were 2.7% higher than the prior-year quarter's $1.92 billion.

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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 $0.27. The four earnings estimates compiled by S&P Capital IQ predicted $0.23 per share. GAAP EPS were $0.27 for Q2 compared to -$0.57 per share for the prior-year quarter.

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 7.3%, 960 basis points better than the prior-year quarter. Operating margin was 5.0%, 1,000 basis points better than the prior-year quarter. Net margin was 3.5%, 1,020 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $2.01 billion. On the bottom line, the average EPS estimate is $0.04.

Next year's average estimate for revenue is $7.97 billion. The average EPS estimate is $0.65.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 127 members out of 211 rating the stock outperform, and 84 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Pilgrim's a green thumbs-up, and 34 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pilgrim's is hold, with an average price target of $8.50.

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