Carpenter Technology (NYSE: CRS) reported earnings on Jan. 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Carpenter Technology missed on revenues and beat expectations on earnings per share.

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

Margins increased across the board.

Revenue details
Carpenter Technology chalked up revenue of $431.1 million. The four analysts polled by S&P Capital IQ expected revenue of $444.9 million. Sales were 15% higher than the prior-year quarter's $375.6 million.

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

EPS details
Non-GAAP EPS came in at $0.57. The six earnings estimates compiled by S&P Capital IQ predicted $0.55 per share on the same basis. GAAP EPS of $0.52 for Q2 were 148% higher than the prior-year quarter's $0.21 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 19.6%, 650 basis points better than the prior-year quarter. Operating margin was 10.7%, 750 basis points better than the prior-year quarter. Net margin was 5.5%, 300 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $509.4 million. On the bottom line, the average EPS estimate is $0.72.

Next year's average estimate for revenue is $1.96 billion. The average EPS estimate is $2.57.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 388 members out of 414 rating the stock outperform, and 26 members rating it underperform. Among 162 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 159 give Carpenter Technology a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carpenter Technology is outperform, with an average price target of $62.71.

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