Gap (NYSE: GPS) reported earnings on Nov. 15. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Oct. 27 (Q3), Gap met expectations on revenues and beat slightly on earnings per share.

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

Margins increased across the board.

Revenue details
Gap notched revenue of $3.86 billion. The 23 analysts polled by S&P Capital IQ foresaw sales of $3.84 billion on the same basis. GAAP reported sales were 7.8% higher than the prior-year quarter's $3.59 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 $0.63. The 21 earnings estimates compiled by S&P Capital IQ predicted $0.62 per share. GAAP EPS of $0.63 for Q3 were 66% higher than the prior-year quarter's $0.38 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 41.2%, 450 basis points better than the prior-year quarter. Operating margin was 13.5%, 380 basis points better than the prior-year quarter. Net margin was 8.0%, 260 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $4.64 billion. On the bottom line, the average EPS estimate is $0.68.

Next year's average estimate for revenue is $15.52 billion. The average EPS estimate is $2.26.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 519 members out of 851 rating the stock outperform, and 332 members rating it underperform. Among 276 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 169 give Gap a green thumbs-up, and 107 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gap is hold, with an average price target of $37.26.

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