Valspar (NYSE: VAL) reported earnings on Aug. 14. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended July 27 (Q3), Valspar missed estimates on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share increased significantly.

Margins grew across the board.

Revenue details
 Valspar booked revenue of $1.08 billion. The nine analysts polled by S&P Capital IQ expected net sales of $1.13 billion on the same basis. GAAP reported sales were 0.7% higher than the prior-year quarter's $1.07 billion.

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 $0.97. The 13 earnings estimates compiled by S&P Capital IQ anticipated $0.96 per share. GAAP EPS of $0.92 for Q3 were 31% higher than the prior-year quarter's $0.70 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 33.8%, 240 basis points better than the prior-year quarter. Operating margin was 13.2%, 150 basis points better than the prior-year quarter. Net margin was 8.0%, 170 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.08 billion. On the bottom line, the average EPS estimate is $0.86.

Next year's average estimate for revenue is $4.07 billion. The average EPS estimate is $3.28.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Valspar is outperform, with an average price target of $52.83.