Ferrellgas Partners (NYSE: FGP) reported earnings on March 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 31 (Q2), Ferrellgas Partners met expectations on revenues and missed estimates on earnings per share.

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

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

Revenue details
Ferrellgas Partners tallied revenue of $829.3 million. The four analysts polled by S&P Capital IQ predicted revenue of $833.5 million on the same basis. GAAP reported sales were 1.4% lower than the prior-year quarter's $841.0 million.

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

EPS details
EPS came in at $0.47. The six earnings estimates compiled by S&P Capital IQ averaged $0.82 per share. GAAP EPS of $0.47 for Q2 were 52% higher than the prior-year quarter's $0.31 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 24.6%, 430 basis points worse than the prior-year quarter. Operating margin was 7.5%, 280 basis points worse than the prior-year quarter. Net margin was 4.3%, 170 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $677.4 million. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $2.53 billion. The average EPS estimate is -$0.15.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 118 members out of 160 rating the stock outperform, and 42 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Ferrellgas Partners a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ferrellgas Partners is underperform, with an average price target of $17.25.

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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.