PetMed Express (Nasdaq: PETS) reported earnings on Jan. 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q3), PetMed Express beat expectations on revenue and beat expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
PetMed Express tallied revenue of $51 million. The seven analysts polled by S&P Capital IQ looked for revenue of $45 million. Sales were 12% higher than the prior-year quarter's $45 million.

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

EPS details
EPS came in at $0.19. The seven earnings estimates compiled by S&P Capital IQ forecast $0.16 per share. GAAP EPS of $0.19 for Q3 were 5.0% lower than the prior-year quarter's $0.20 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 34.0%, 350 basis points worse than the prior-year quarter. Operating margin was 12.1%, 350 basis points worse than the prior-year quarter. Net margin was 7.7%, 230 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $50 million. On the bottom line, the average EPS estimate is $0.17.

Next year's average estimate for revenue is $226 million. The average EPS estimate is $0.75.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 856 members out of 882 rating the stock outperform, and 26 members rating it underperform. Among 244 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 236 give PetMed Express a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PetMed Express is underperform, with an average price target of $9.80.

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