Abaxis (Nasdaq: ABAX) reported earnings on April 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q4), Abaxis beat expectations on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
Abaxis recorded revenue of $42.7 million. The nine analysts polled by S&P Capital IQ expected to see revenue of $40.7 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $37.5 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 $0.21. The nine earnings estimates compiled by S&P Capital IQ forecast $0.16 per share. GAAP EPS of $0.21 for Q4 were 40% higher 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 54.7%, 20 basis points better than the prior-year quarter. Operating margin was 15.1%, 100 basis points better than the prior-year quarter. Net margin was 11.0%, 200 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $40.7 million. On the bottom line, the average EPS estimate is $0.17.

Next year's average estimate for revenue is $177.0 million. The average EPS estimate is $0.86.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 160 members out of 177 rating the stock outperform, and 17 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Abaxis a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Abaxis is outperform, with an average price target of $31.66.

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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. He is the 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 don't 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.