Astronics (Nasdaq: ATRO) reported earnings on May 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Astronics beat expectations on both revenue and earnings per share.

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

Gross margin increased, operating margin dropped, and net margin was steady.

Revenue details
Astronics recorded revenue of $65.1 million. The four analysts polled by S&P Capital IQ wanted to see sales of $59.2 million on the same basis. GAAP-reported sales were 18% higher than the prior-year quarter's $55.1 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 $0.46. The four earnings estimates compiled by S&P Capital IQ anticipated $0.44 per share. GAAP EPS of $0.46 for Q1 were 12% higher than the prior-year quarter's $0.41 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 27.8%, 150 basis points better than the prior-year quarter. Operating margin was 14.2%, 60 basis points worse than the prior-year quarter. Net margin was 9.4%, about the same as the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $60 million. On the bottom line, the average EPS estimate is $0.44.

Next year's average estimate for revenue is $246.7 million. The average EPS estimate is $1.90.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 299 members rating the stock outperform and 13 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give Astronics a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Astronics is outperform, with an average price target of $37.67.

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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 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.