Cost Plus (Nasdaq: CPWM) reported earnings on Wednesday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 28 (Q1), Cost Plus met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew to zero. The non-GAAP profit was a surprise, as analysts had predicted a loss.

Margins increased across the board.

Revenue details
Cost Plus tallied revenue of $214.6 million. The six analysts polled by S&P Capital IQ hoped for revenue of $213.1 million on the same basis. GAAP reported sales were 7.4% higher than the prior-year quarter's $199.7 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 $0.01. The six earnings estimates compiled by S&P Capital IQ predicted -$0.04 per share. GAAP EPS dropped to zero from the prior-year quarter's -$0.15.

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 32.0%, 30 basis points better than the prior-year quarter. Operating margin was 1.4%, 130 basis points better than the prior-year quarter. Net margin was 0.0%, 170 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $212.1 million. On the bottom line, the average EPS estimate is -$0.20.

Next year's average estimate for revenue is $1.05 billion. The average EPS estimate is $1.20.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 69 members rating the stock outperform and 59 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Cost Plus a green thumbs-up, and 19 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cost Plus is hold, with an average price target of $20.83.

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