LeapFrog Enterprises (NYSE: LF) reported earnings on May 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), LeapFrog Enterprises crushed expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share contracted.

Margins increased across the board.

Revenue details
LeapFrog Enterprises chalked up revenue of $72.0 million. The six analysts polled by S&P Capital IQ predicted revenue of $51.1 million on the same basis. GAAP reported sales were 81% higher than the prior-year quarter's $39.7 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 -$0.14. The three earnings estimates compiled by S&P Capital IQ forecast -$0.26 per share. GAAP EPS were -$0.14 for Q1 versus -$0.34 per share for 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 41.3%, 1,170 basis points better than the prior-year quarter. Operating margin was -11.9%, 4,320 basis points better than the prior-year quarter. Net margin was -13.1%, 4,280 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $66.5 million. On the bottom line, the average EPS estimate is -$0.18.

Next year's average estimate for revenue is $507.0 million. The average EPS estimate is $0.50.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 221 members out of 273 rating the stock outperform, and 52 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give LeapFrog Enterprises a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LeapFrog Enterprises is outperform, with an average price target of $8.50.

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