Leggett & Platt (NYSE: LEG) reported earnings on Oct. 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Leggett & Platt met expectations on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
Leggett & Platt logged revenue of $982.2 million. The five analysts polled by S&P Capital IQ anticipated sales of $985.8 million on the same basis. GAAP reported sales were 4.4% higher than the prior-year quarter's $940.9 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 $0.45. The four earnings estimates compiled by S&P Capital IQ averaged $0.39 per share. GAAP EPS of $0.45 for Q3 were 45% 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 20.9%, 280 basis points better than the prior-year quarter. Operating margin was 10.7%, 310 basis points better than the prior-year quarter. Net margin was 6.7%, 190 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $890.5 million. On the bottom line, the average EPS estimate is $0.27.

Next year's average estimate for revenue is $3.76 billion. The average EPS estimate is $1.37.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 197 members out of 237 rating the stock outperform, and 40 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 69 give Leggett & Platt a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Leggett & Platt is outperform, with an average price target of $27.00.

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