T. Rowe Price Group (Nasdaq: TROW) reported earnings on April 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), T. Rowe Price Group beat expectations on revenues and met expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
T. Rowe Price Group booked revenue of $728.7 million. The nine analysts polled by S&P Capital IQ looked for revenue of $706.7 million on the same basis. GAAP reported sales were 6.8% higher than the prior-year quarter's $682.4 million.

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

EPS details
EPS came in at $0.75. The 19 earnings estimates compiled by S&P Capital IQ forecast $0.76 per share. GAAP EPS of $0.75 for Q1 were 4.2% higher than the prior-year quarter's $0.72 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 61.2%, 130 basis points worse than the prior-year quarter. Operating margin was 43.4%, 220 basis points worse than the prior-year quarter. Net margin was 27.1%, 140 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $766.3 million. On the bottom line, the average EPS estimate is $0.83.

Next year's average estimate for revenue is $3.07 billion. The average EPS estimate is $3.33.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 373 members out of 397 rating the stock outperform, and 24 members rating it underperform. Among 109 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 103 give T. Rowe Price Group a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on T. Rowe Price Group is hold, with an average price target of $62.18.

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