Wausau Paper (NYSE: WPP) reported earnings on Feb. 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Wausau Paper met expectations on revenues and earnings per share.

Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share shrank to a loss.

Margins shrank across the board.

Revenue details
Wausau Paper booked revenue of $252.7 million. The three analysts polled by S&P Capital IQ looked for revenue of $254.6 million. Sales were 2.9% lower than the prior-year quarter's $260.2 million.

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

EPS details
Non-GAAP EPS came in at $0.04. The four earnings estimates compiled by S&P Capital IQ averaged $0.04 per share on the same basis. GAAP EPS were -$0.58 for Q4 compared to $0.31 per share for the prior-year quarter.

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 -6.6%, 1,840 basis points worse than the prior-year quarter. Operating margin was -14.7%, 1,700 basis points worse than the prior-year quarter. Net margin was -11.4%, 1,720 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $209.5 million. On the bottom line, the average EPS estimate is $0.05.

Next year's average estimate for revenue is $831.3 million. The average EPS estimate is $0.40.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wausau Paper is outperform, with an average price target of $7.67.

Over the decades, small-cap stocks like Wausau Paper have produced market-beating returns, provided they're value-priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: 2 Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.

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.