Griffon (NYSE: GFF) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), Griffon missed estimates on revenue and missed estimates on earnings per share.

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

Gross margins dropped, operating margins dropped, and net margins expanded.

Revenue details
Griffon logged revenue of $482.4 million. The two analysts polled by S&P Capital IQ expected to see a top line of $508.1 million on the same basis. GAAP reported sales were 1.3% higher than the prior-year quarter's $476.1 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 $0.04. The two earnings estimates compiled by S&P Capital IQ forecast $0.10 per share. GAAP EPS were $0.04 for Q2 compared to -$0.24 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 21.3%, 70 basis points worse than the prior-year quarter. Operating margin was 3.5%, 80 basis points worse than the prior-year quarter. Net margin was 0.4%, 330 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $502.7 million. On the bottom line, the average EPS estimate is $0.14.

Next year's average estimate for revenue is $1.96 billion. The average EPS estimate is $0.44.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 47 members out of 61 rating the stock outperform, and 14 members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Griffon a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Griffon is buy, with an average price target of $12.00.

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