Generac Holdings (NYSE: GNRC) reported earnings on Aug. 2. Here are the numbers you need to know.

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

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

Gross margins contracted, operating margins improved, and net margins dropped.

Revenue details
Generac Holdings reported revenue of $239.1 million. The eight analysts polled by S&P Capital IQ predicted net sales of $229.6 million on the same basis. GAAP reported sales were 48% higher than the prior-year quarter's $161.4 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 $0.58. The nine earnings estimates compiled by S&P Capital IQ forecast $0.53 per share. GAAP EPS of $0.14 for Q2 were 39% lower than the prior-year quarter's $0.23 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 36.6%, 80 basis points worse than the prior-year quarter. Operating margin was 15.5%, 200 basis points better than the prior-year quarter. Net margin was 3.9%, 560 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $235.5 million. On the bottom line, the average EPS estimate is $0.42.

Next year's average estimate for revenue is $986.6 million. The average EPS estimate is $2.22.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 45 members out of 50 rating the stock outperform, and five members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), nine give Generac Holdings a green thumbs-up.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Generac Holdings is hold, with an average price target of $26.50.