Select Comfort (Nasdaq: SCSS) reported earnings on Oct. 17. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 29 (Q3), Select Comfort met expectations on revenues and beat expectations on earnings per share.

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

Margins expanded across the board.

Revenue details
 Select Comfort notched revenue of $246.8 million. The 10 analysts polled by S&P Capital IQ wanted to see revenue of $245.2 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $199.6 million.

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 $0.46. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.41 per share. GAAP EPS of $0.46 for Q3 were 48% higher than the prior-year quarter's $0.31 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 65.1%, 210 basis points better than the prior-year quarter. Operating margin was 16.3%, 300 basis points better than the prior-year quarter. Net margin was 10.6%, 200 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $228.3 million. On the bottom line, the average EPS estimate is $0.32.

Next year's average estimate for revenue is $939.2 million. The average EPS estimate is $1.53.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 2,499 members out of 2,840 rating the stock outperform, and 341 members rating it underperform. Among 909 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 835 give Select Comfort a green thumbs-up, and 74 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Select Comfort is outperform, with an average price target of $36.00.

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