Lender Processing Services (NYSE: LPS) reported earnings on April 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Lender Processing Services met expectations on revenues and beat slightly on earnings per share.

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

Margins expanded across the board.

Revenue details
Lender Processing Services reported revenue of $471.7 million. The six analysts polled by S&P Capital IQ hoped for revenue of $472.0 million on the same basis. GAAP reported sales were 6.8% lower than the prior-year quarter's $506.0 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 $0.66. The six earnings estimates compiled by S&P Capital IQ anticipated $0.65 per share. Non-GAAP EPS of $0.66 for Q1 were 12% higher than the prior-year quarter's $0.59 per share. (The prior-year quarter included -$0.02 per share in earnings from discontinued operations.) GAAP EPS of $0.63 for Q1 were 13% higher than the prior-year quarter's $0.56 per share. (The prior-year quarter included -$0.02 per share in earnings from discontinued operations.)

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 26.6%, 320 basis points better than the prior-year quarter. Operating margin was 21.1%, 250 basis points better than the prior-year quarter. Net margin was 11.4%, 210 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $467.6 million. On the bottom line, the average EPS estimate is $0.65.

Next year's average estimate for revenue is $1.86 billion. The average EPS estimate is $2.61.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 102 members out of 124 rating the stock outperform, and 22 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Lender Processing Services 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 Lender Processing Services is hold, with an average price target of $26.83.

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