Lear (NYSE: LEA) reported earnings on May 3. Here are the numbers you need to know.

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

Compared with the prior-year quarter, revenue increased and GAAP earnings per share contracted.

Margins dropped across the board.

Revenue details
Lear tallied revenue of $3.64 billion. The 11 analysts polled by S&P Capital IQ looked for revenue of $3.59 billion on the same basis. GAAP reported sales were 3.8% higher than the prior-year quarter's $3.51 billion.

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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 $1.38. The 16 earnings estimates compiled by S&P Capital IQ predicted $1.20 per share. GAAP EPS of $1.32 for Q1 were 8.3% lower than the prior-year quarter's $1.44 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 8.5%, 80 basis points worse than the prior-year quarter. Operating margin was 5.1%, 60 basis points worse than the prior-year quarter. Net margin was 3.7%, 70 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.69 billion. On the bottom line, the average EPS estimate is $1.34.

Next year's average estimate for revenue is $14.49 billion. The average EPS estimate is $5.21.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 80 members out of 82 rating the stock outperform, and two members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Lear a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lear is outperform, with an average price target of $59.32.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the 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 don't 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.