Tractor Supply (Nasdaq: TSCO) reported earnings on April 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 30 (Q1), Tractor Supply met expectations on revenues and met expectations on earnings per share.

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

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

Revenue details
 Tractor Supply notched revenue of $1.09 billion. The 25 analysts polled by S&P Capital IQ anticipated a top line of $1.10 billion on the same basis. GAAP reported sales were 6.4% higher than the prior-year quarter's $1.02 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 $0.62. The 23 earnings estimates compiled by S&P Capital IQ anticipated $0.62 per share. GAAP EPS of $0.62 for Q1 were 13% 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 32.4%, 20 basis points worse than the prior-year quarter. Operating margin was 6.3%, much about the same as the prior-year quarter. Net margin was 4.1%, 10 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $1.45 billion. On the bottom line, the average EPS estimate is $1.71.

Next year's average estimate for revenue is $5.16 billion. The average EPS estimate is $4.43.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 345 members out of 383 rating the stock outperform, and 38 members rating it underperform. Among 128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give Tractor Supply a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tractor Supply is outperform, with an average price target of $111.85.

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