Cirrus Logic (Nasdaq: CRUS) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q4), Cirrus Logic met expectations on revenue and beat expectations on earnings per share.

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

Gross margin expanded, operating margin improved, and net margin dropped.

Revenue details
Cirrus Logic notched revenue of $110.6 million. The five analysts polled by S&P Capital IQ predicted revenue of $110.0 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $91.4 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 $0.36. The four earnings estimates compiled by S&P Capital IQ averaged $0.35 per share on the same basis. GAAP EPS of $0.75 for Q4 were 58% lower than the prior-year quarter's $1.80 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 56.4%, 610 basis points better than the prior-year quarter. Operating margin was 18.9%, 390 basis points better than the prior-year quarter. Net margin was 45.9%, 9,670 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $106.9 million. On the bottom line, the average EPS estimate is $0.32.

Next year's average estimate for revenue is $479.4 million. The average EPS estimate is $1.59.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 652 members out of 678 rating the stock outperform, and 26 members rating it underperform. Among 103 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 98 give Cirrus Logic a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cirrus Logic is buy, with an average price target of $29.00.

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