Gorman-Rupp (AMEX: GRC) reported earnings yesterday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Gorman-Rupp beat slightly on revenues and missed expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
Gorman-Rupp recorded revenue of $93.0 million. The four analysts polled by S&P Capital IQ hoped for a top line of $92.0 million. GAAP sales were 9.9% higher than the prior-year quarter's $84.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.34. The four earnings estimates compiled by S&P Capital IQ predicted $0.37 per share on the same basis. GAAP EPS of $0.24 for Q4 were 48% lower than the prior-year quarter's $0.46 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 21.2%, 830 basis points worse than the prior-year quarter. Operating margin was 7.9%, 880 basis points worse than the prior-year quarter. Net margin was 5.5%, 590 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $91.6 million. On the bottom line, the average EPS estimate is $0.33.

Next year's average estimate for revenue is $384.9 million. The average EPS estimate is $1.60.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 296 members out of 308 rating the stock outperform, and 12 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 76 give Gorman-Rupp a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gorman-Rupp is buy, with an average price target of $37.67.

Over the decades, small-cap stocks, like Gorman-Rupp have provided 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: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.