Macquarie Infrastructure (NYSE: MIC) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Macquarie Infrastructure missed estimates on revenues and missed expectations on earnings per share.

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

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

Revenue details
Macquarie Infrastructure notched revenue of $252.6 million. The three analysts polled by S&P Capital IQ anticipated sales of $269.0 million on the same basis. GAAP reported sales were 2.3% lower than the prior-year quarter's $258.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
EPS came in at -$0.02. The three earnings estimates compiled by S&P Capital IQ predicted $0.79 per share. GAAP EPS were -$0.02 for Q2 versus $0.24 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
For the quarter, gross margin was 40.2%, 240 basis points better than the prior-year quarter. Operating margin was -0.5%, much worse than the prior-year quarter. Net margin was -0.3%, 460 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $270.5 million. On the bottom line, the average EPS estimate is $0.77.

Next year's average estimate for revenue is $1.07 billion. The average EPS estimate is $1.54.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 374 members out of 402 rating the stock outperform, and 28 members rating it underperform. Among 126 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 120 give Macquarie Infrastructure a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Macquarie Infrastructure is buy, with an average price target of $67.25.

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