Woodward (Nasdaq: WWD) reported earnings on April 22. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), Woodward missed estimates on revenues and beat slightly on earnings per share.

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

Gross margins dropped, operating margins dropped, net margins grew.

Revenue details
Woodward chalked up revenue of $485.5 million. The eight analysts polled by S&P Capital IQ wanted to see revenue of $500.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $0.61. The eight earnings estimates compiled by S&P Capital IQ averaged $0.60 per share. GAAP EPS of $0.61 for Q2 were 11% higher than the prior-year quarter's $0.55 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 28.3%, 290 basis points worse than the prior-year quarter. Operating margin was 11.8%, 100 basis points worse than the prior-year quarter. Net margin was 8.7%, 40 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $500.3 million. On the bottom line, the average EPS estimate is $0.57.

Next year's average estimate for revenue is $1.96 billion. The average EPS estimate is $2.26.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 535 members out of 546 rating the stock outperform, and 11 members rating it underperform. Among 97 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 97 give Woodward a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Woodward is outperform, with an average price target of $43.14.

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