Flowserve (NYSE: FLS) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Flowserve beat slightly on revenues and beat expectations on earnings per share.

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

Gross margins contracted, operating margins improved, net margins increased.

Revenue details
 Flowserve tallied revenue of $1.18 billion. The 10 analysts polled by S&P Capital IQ looked for a top line of $1.17 billion on the same basis. GAAP reported sales were 5.0% higher than the prior-year quarter's $1.13 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 $1.98. The 10 earnings estimates compiled by S&P Capital IQ anticipated $1.91 per share. GAAP EPS of $1.98 for Q2 were 13% higher than the prior-year quarter's $1.76 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 32.5%, 30 basis points worse than the prior-year quarter. Operating margin was 13.6%, 150 basis points better than the prior-year quarter. Net margin was 9.1%, 30 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.18 billion. On the bottom line, the average EPS estimate is $2.20.

Next year's average estimate for revenue is $4.76 billion. The average EPS estimate is $8.58.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 842 members out of 862 rating the stock outperform, and 20 members rating it underperform. Among 183 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 181 give Flowserve 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 Flowserve is buy, with an average price target of $145.00.