Moog (NYSE: MOGA) reported earnings on July 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 29 (Q3), Moog beat expectations on revenues and beat expectations on earnings per share.

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

Gross margins dropped, operating margins increased, net margins dropped.

Revenue details
Moog notched revenue of $670.6 million. The seven analysts polled by S&P Capital IQ predicted revenue of $657.2 million on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $611.2 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 $0.90. The seven earnings estimates compiled by S&P Capital IQ forecast $0.82 per share. Non-GAAP EPS of $0.90 for Q3 were 5.9% higher than the prior-year quarter's $0.85 per share. GAAP EPS of $0.75 for Q3 were 12% lower than the prior-year quarter's $0.85 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 29.6%, 40 basis points worse than the prior-year quarter. Operating margin was 10.2%, 10 basis points better than the prior-year quarter. Net margin was 5.1%, 130 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $675.5 million. On the bottom line, the average EPS estimate is $1.01.

Next year's average estimate for revenue is $2.60 billion. The average EPS estimate is $3.39.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Moog is outperform, with an average price target of $52.88.

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