Smart Balance (Nasdaq: SMBL) reported earnings on May 3. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Smart Balance met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share stayed the same.

Margins shrank across the board.

Revenue details
 Smart Balance logged revenue of $79.3 million. The nine analysts polled by S&P Capital IQ anticipated sales of $78.8 million on the same basis. GAAP reported sales were 33% higher than the prior-year quarter's $59.7 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 $0.06. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS of $0.06 were the same as the prior-year quarter.

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 44.2%, 330 basis points worse than the prior-year quarter. Operating margin was 9.8%, 290 basis points worse than the prior-year quarter. Net margin was 4.7%, 120 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $77.6 million. On the bottom line, the average EPS estimate is $0.05.

Next year's average estimate for revenue is $328.4 million. The average EPS estimate is $0.27.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 285 members out of 298 rating the stock outperform, and 13 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 64 give Smart Balance 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 Smart Balance is outperform, with an average price target of $7.89.

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