Titan Machinery (Nasdaq: TITN) reported earnings on June 6. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 30 (Q1), Titan Machinery met expectations on revenues and met expectations on earnings per share.

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

Gross margins were steady, operating margins contracted, net margins contracted.

Revenue details
 Titan Machinery tallied revenue of $441.7 million. The eight analysts polled by S&P Capital IQ looked for revenue of $441.4 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 -$0.02. The nine earnings estimates compiled by S&P Capital IQ averaged -$0.02 per share. GAAP EPS were -$0.02 for Q1 against $0.36 per share for 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 16.7%, much about the same as the prior-year quarter. Operating margin was 1.1%, 260 basis points worse than the prior-year quarter. Net margin was -0.1%, 190 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $461.3 million. On the bottom line, the average EPS estimate is $0.22.

Next year's average estimate for revenue is $2.36 billion. The average EPS estimate is $1.82.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 540 members out of 564 rating the stock outperform, and 24 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give Titan Machinery a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Titan Machinery is outperform, with an average price target of $28.00.

If you're interested in companies like Titan Machinery, you might want to check out the jaw-dropping technology that's about to put 100 million Chinese factory workers out on the street – and the 3 companies that control it. We'll tell you all about them in "The Future is Made in America." Click here for instant access to this free report.