Culp (NYSE: CFI) reported earnings on June 12. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 28 (Q4), Culp beat slightly on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
Culp recorded revenue of $70.4 million. The two analysts polled by S&P Capital IQ anticipated sales of $69.5 million on the same basis. GAAP reported sales were 7.0% lower than the prior-year quarter's $75.7 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 $0.41. The two earnings estimates compiled by S&P Capital IQ anticipated $0.34 per share. Non-GAAP EPS of $0.41 for Q4 were 52% higher than the prior-year quarter's $0.27 per share. GAAP EPS of $0.30 for Q4 were 11% higher than the prior-year quarter's $0.27 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 18.3%, 20 basis points better than the prior-year quarter. Operating margin was 8.6%, 110 basis points better than the prior-year quarter. Net margin was 5.3%, 80 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $68.8 million. On the bottom line, the average EPS estimate is $0.36.

Next year's average estimate for revenue is $280.5 million. The average EPS estimate is $1.49.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 44 members out of 50 rating the stock outperform, and six members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Culp a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Culp is buy, with an average price target of $19.00.

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