Wright Medical Group (Nasdaq: WMGI) reported earnings yesterday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Wright Medical Group beat slightly on revenues and beat expectations on earnings per share.

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

Gross margins dropped, operating margins dropped, and net margins increased.

Revenue details
Wright Medical Group logged revenue of $126.7 million. The 13 analysts polled by S&P Capital IQ anticipated revenue of $124.7 million on the same basis. GAAP reported sales were 6.4% lower than the prior-year quarter's $135.4 million.

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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 $0.17. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.11 per share. GAAP EPS of $0.12 for Q1 were 33% higher than the prior-year quarter's $0.09 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 70.9%, 50 basis points worse than the prior-year quarter. Operating margin was 8.3%, 50 basis points worse than the prior-year quarter. Net margin was 3.6%, 90 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $121.5 million. On the bottom line, the average EPS estimate is $0.04.

Next year's average estimate for revenue is $483 million. The average EPS estimate is $0.17.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 41 members rating the stock outperform and 20 members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 11 give Wright Medical Group a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wright Medical Group is hold, with an average price target of $18.14.

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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.