Pier 1 Imports (NYSE: PIR) reported earnings on Dec. 15. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Nov. 26 (Q3), Pier 1 Imports met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew, and earnings per share improved significantly.

Gross margins dropped, operating margins expanded, and net margins improved,

Revenue details
Pier 1 Imports logged revenue of $383 million. The eight analysts polled by S&P Capital IQ expected to see sales of $379 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
EPS came in at $0.21. The nine earnings estimates compiled by S&P Capital IQ predicted $0.20 per share. GAAP EPS of $0.21 for Q3 were 17% higher than the prior-year quarter's $0.18 per share.

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 43.2%, 1,570 basis points worse than the prior-year quarter. Operating margin was 8.6%, 240 basis points better than the prior-year quarter. Net margin was 6%, 10 basis points better than the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods.

Looking ahead
What does the future hold?

Next quarter's average estimate for revenue is $462 million. On the bottom line, the average EPS estimate is $0.43. (There are eight revenue estimates and 10 EPS estimates.)

For the full year ending 2012, the average estimate for revenue is $1.5 billion. The average EPS estimate is $0.89. (There are nine revenue estimates and nine EPS estimates.)

Investor sentiment
The stock has a one-star rating out of five at Motley Fool CAPS, with 246 members out of 556 rating the stock outperform and 310 members rating it underperform. Among 161 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Pier 1 Imports a green thumbs-up, and 114 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pier 1 Imports is outperform, with an average price target of $14.19.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.