Boulder Brands (Nasdaq: BDBD) reported earnings on May 2. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew. GAAP earnings per share didn't move.

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

Revenue details
 Boulder Brands tallied revenue of $106.7 million. The seven analysts polled by S&P Capital IQ predicted revenue of $105.5 million on the same basis. GAAP reported sales were 35% higher than the prior-year quarter's $79.3 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 $0.07. The six earnings estimates compiled by S&P Capital IQ forecast $0.04 per share. Non-GAAP EPS of $0.07 for Q1 were 17% higher than the prior-year quarter's $0.06 per share. GAAP EPS of $0.06 were the same as the prior-year quarter.

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 42.7%, 150 basis points worse than the prior-year quarter. Operating margin was 12.1%, 230 basis points better than the prior-year quarter. Net margin was 3.7%, 100 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $104.5 million. On the bottom line, the average EPS estimate is $0.04.

Next year's average estimate for revenue is $456.9 million. The average EPS estimate is $0.27.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 250 members out of 270 rating the stock outperform, and 20 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Boulder Brands a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boulder Brands is outperform, with an average price target of $13.14.

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