Johnson & Johnson (NYSE: JNJ) reported earnings yesterday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Johnson & Johnson met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share grew.

Gross margins dropped, operating margins dropped, net margins increased.

Revenue details
Johnson & Johnson logged revenue of $16.14 billion. The 16 analysts polled by S&P Capital IQ predicted revenue of $16.28 billion on the same basis. GAAP reported sales were 0.2% lower than the prior-year quarter's $16.17 billion.

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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 $1.37. The 21 earnings estimates compiled by S&P Capital IQ averaged $1.35 per share on the same basis. GAAP EPS of $1.41 for Q1 were 13% higher than the prior-year quarter's $1.25 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 69.5%, 100 basis points worse than the prior-year quarter. Operating margin was 28.3%, 10 basis points worse than the prior-year quarter. Net margin was 24.2%, 270 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $16.68 billion. On the bottom line, the average EPS estimate is $1.30.

Next year's average estimate for revenue is $66.71 billion. The average EPS estimate is $5.11.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 13,509 members out of 13,995 rating the stock outperform, and 487 members rating it underperform. Among 3,164 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 3,094 give Johnson & Johnson a green thumbs-up, and 70 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Johnson & Johnson is outperform, with an average price target of $71.15.

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Seth Jayson owned shares of the following at the time of publication: Johnson & Johnson. 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. The Motley Fool owns shares of Johnson & Johnson. Motley Fool newsletter services have recommended buying shares of Johnson & Johnson. Motley Fool newsletter services have recommended creating a diagonal call position in Johnson & Johnson. 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.