Woodward (Nasdaq: WWD) reported earnings on April 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), Woodward met expectations on revenues and met expectations on earnings per share.

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

Margins grew across the board.

Revenue details
Woodward reported revenue of $468.8 million. The six analysts polled by S&P Capital IQ wanted to see sales of $467.6 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $418.9 million.

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

EPS details
EPS came in at $0.55. The six earnings estimates compiled by S&P Capital IQ averaged $0.55 per share. GAAP EPS of $0.55 for Q2 were 20% higher 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 31.2%, 100 basis points better than the prior-year quarter. Operating margin was 12.8%, 30 basis points better than the prior-year quarter. Net margin was 8.3%, 60 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $489.3 million. On the bottom line, the average EPS estimate is $0.61.

Next year's average estimate for revenue is $1.91 billion. The average EPS estimate is $2.30.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 540 members out of 553 rating the stock outperform, and 13 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 132 give Woodward a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Woodward is buy, with an average price target of $49.57.

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.