WMS Industries (NYSE: WMS) reported earnings on Jan. 26. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share contracted significantly.

Gross margins grew, operating margins dropped, and net margins dropped.

Revenue details
WMS Industries recorded revenue of $162.2 million. The 12 analysts polled by S&P Capital IQ wanted to see a top line of $170.8 million. Sales were 19% lower than the prior-year quarter's $199.9 million.

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

EPS details
Non-GAAP EPS came in at $0.27. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.30 per share on the same basis. GAAP EPS of $0.29 for Q2 were 37% lower than the prior-year quarter's $0.46 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 61.1%, 50 basis points better than the prior-year quarter. Operating margin was 12.9%, 550 basis points worse than the prior-year quarter. Net margin was 9.9%, 360 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $190.5 million. On the bottom line, the average EPS estimate is $0.43.

Next year's average estimate for revenue is $706.2 million. The average EPS estimate is $1.43.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 179 members out of 206 rating the stock outperform, and 27 members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give WMS Industries a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on WMS Industries is hold, with an average price target of $23.07.

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