E. W. Scripps (NYSE: SSP) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), E. W. Scripps beat expectations on both revenue and earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP loss per share shrank.

Margins expanded across the board.

Revenue details
E. W. Scripps reported revenue of $207.1 million. The three analysts polled by S&P Capital IQ foresaw revenue of $202.2 million on the same basis. GAAP-reported sales were 15% higher than the prior-year quarter's $180.4 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 -$0.02. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.04 per share. GAAP EPS were -$0.08 for Q1 against -$0.15 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 37.3%, 380 basis points better than the prior-year quarter. Operating margin was 1.5%, 610 basis points better than the prior-year quarter. Net margin was -2.1%, 280 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $209.2 million. On the bottom line, the average EPS estimate is $0.13.

Next year's average estimate for revenue is $873.3 million. The average EPS estimate is $0.77.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on E. W. Scripps is buy, with an average price target of $11.50.

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