Franklin Covey (NYSE: FC) reported earnings on Jan. 3. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 1 (Q1), Franklin Covey 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.

Gross margins were steady, operating margins grew, net margins expanded.

Revenue details
 Franklin Covey logged revenue of $44.1 million. The four analysts polled by S&P Capital IQ hoped for revenue of $42.9 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $39.5 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 $0.15. The three earnings estimates compiled by S&P Capital IQ forecast $0.13 per share. GAAP EPS of $0.15 for Q1 were 67% higher than the prior-year quarter's $0.09 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 67.1%, about the same as the prior-year quarter. Operating margin was 12.0%, 260 basis points better than the prior-year quarter. Net margin was 6.6%, 240 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $41.8 million. On the bottom line, the average EPS estimate is $0.10.

Next year's average estimate for revenue is $188.2 million. The average EPS estimate is $0.61.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Franklin Covey is outperform, with an average price target of $17.75.

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