OSI Systems (Nasdaq: OSIS) reported earnings on April 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q3), OSI Systems missed estimates on revenues and met expectations on earnings per share.

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

Margins increased across the board.

Revenue details
 OSI Systems reported revenue of $198.4 million. The five analysts polled by S&P Capital IQ expected to see revenue of $207.2 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 $0.74. The five earnings estimates compiled by S&P Capital IQ predicted $0.74 per share. Non-GAAP EPS of $0.74 for Q3 were 14% higher than the prior-year quarter's $0.65 per share. GAAP EPS of $0.66 for Q3 were 6.5% higher than the prior-year quarter's $0.62 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 36.2%, 300 basis points better than the prior-year quarter. Operating margin was 9.8%, 60 basis points better than the prior-year quarter. Net margin was 6.8%, 80 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $248.3 million. On the bottom line, the average EPS estimate is $1.10.

Next year's average estimate for revenue is $831.3 million. The average EPS estimate is $2.85.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 163 members out of 178 rating the stock outperform, and 15 members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give OSI Systems a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OSI Systems is buy, with an average price target of $79.20.

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