Suburban Propane Partners (NYSE: SPH) reported earnings on Aug. 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 23 (Q3), Suburban Propane Partners whiffed on revenues and exceeded expectations on earnings per share.

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

Gross margins grew, operating margins increased, net margins dropped.

Revenue details
Suburban Propane Partners reported revenue of $179.6 million. The five analysts polled by S&P Capital IQ expected revenue of $205.8 million on the same basis. GAAP reported sales were 17% lower than the prior-year quarter's $216.6 million.

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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 -$0.09. The six earnings estimates compiled by S&P Capital IQ predicted -$0.17 per share. GAAP EPS were -$0.26 for Q3 compared to -$0.19 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 14.2%, 370 basis points better than the prior-year quarter. Operating margin was 1.8%, 160 basis points better than the prior-year quarter. Net margin was -5.2%, 210 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $281.8 million. On the bottom line, the average EPS estimate is -$0.42.

Next year's average estimate for revenue is $1.06 billion. The average EPS estimate is $1.56.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Suburban Propane Partners is hold, with an average price target of $43.92.

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