Insteel Industries (Nasdaq: IIIN) reported earnings on April 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), Insteel Industries missed estimates on revenue and missed estimates on earnings per share.

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

Margins dropped across the board.

Revenue details
Insteel Industries notched revenue of $87.0 million. The three analysts polled by S&P Capital IQ anticipated sales of $92.7 million on the same basis. GAAP reported sales were 0.1% higher than the prior-year quarter's $86.9 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 $0.02. The three earnings estimates compiled by S&P Capital IQ forecast $0.10 per share on the same basis. GAAP EPS of $0.01 for Q2 were 93% lower than the prior-year quarter's $0.15 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 6.3%, 700 basis points worse than the prior-year quarter. Operating margin was 0.7%, 700 basis points worse than the prior-year quarter. Net margin was 0.3%, 270 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $104.6 million. On the bottom line, the average EPS estimate is $0.24.

Next year's average estimate for revenue is $386.4 million. The average EPS estimate is $0.58.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 221 members out of 239 rating the stock outperform, and 18 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 give Insteel Industries a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Insteel Industries is outperform, with an average price target of $15.50.

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