ConAgra Foods (NYSE: CAG) reported earnings on Sep. 20. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Aug. 26 (Q1), ConAgra Foods beat expectations on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
ConAgra Foods chalked up revenue of $3.31 billion. The 12 analysts polled by S&P Capital IQ hoped for sales of $3.24 billion on the same basis. GAAP reported sales were 7.8% higher than the prior-year quarter's $3.07 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 $0.44. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.35 per share. GAAP EPS of $0.61 for Q1 were 205% higher than the prior-year quarter's $0.20 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 26.4%, 680 basis points better than the prior-year quarter. Operating margin was 12.9%, 640 basis points better than the prior-year quarter. Net margin was 7.6%, 480 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.68 billion. On the bottom line, the average EPS estimate is $0.54.

Next year's average estimate for revenue is $14.21 billion. The average EPS estimate is $2.05.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 622 members out of 690 rating the stock outperform, and 68 members rating it underperform. Among 185 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 170 give ConAgra Foods a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ConAgra Foods is outperform, with an average price target of $27.54.

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