Garmin (Nasdaq: GRMN) reported earnings on May 1. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 30 (Q1), Garmin beat expectations on revenues and missed estimates on earnings per share.

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

Gross margins grew, operating margins contracted, net margins grew.

Revenue details
 Garmin booked revenue of $532.0 million. The 11 analysts polled by S&P Capital IQ expected revenue of $514.8 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 $0.40. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.41 per share. Non-GAAP EPS of $0.40 for Q1 were 11% lower than the prior-year quarter's $0.45 per share. GAAP EPS of $0.45 for Q1 were 2.3% higher than the prior-year quarter's $0.44 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 51.9%, 90 basis points better than the prior-year quarter. Operating margin was 15.0%, 120 basis points worse than the prior-year quarter. Net margin was 16.7%, 110 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $668.5 million. On the bottom line, the average EPS estimate is $0.68.

Next year's average estimate for revenue is $2.54 billion. The average EPS estimate is $2.40.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 4,305 members out of 4,752 rating the stock outperform, and 447 members rating it underperform. Among 1,007 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 911 give Garmin a green thumbs-up, and 96 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Garmin is hold, with an average price target of $40.00.

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