Actuant (NYSE: ATU) reported earnings on June 20. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended May 31 (Q3), Actuant met expectations on revenues and beat slightly on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped.

Gross margins shrank, operating margins increased, net margins shrank.

Revenue details
Actuant chalked up revenue of $429.2 million. The 12 analysts polled by S&P Capital IQ expected a top line of $429.7 million on the same basis. GAAP reported sales were 9.3% higher than the prior-year quarter's $392.8 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 $0.60. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.59 per share. GAAP EPS of $0.45 for Q3 were 8.2% lower than the prior-year quarter's $0.49 per share. (The prior-year quarter included -$0.03 per share in earnings from discontinued operations.)

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 38.7%, 50 basis points worse than the prior-year quarter. Operating margin was 15.8%, 80 basis points better than the prior-year quarter. Net margin was 8.0%, 130 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $409.9 million. On the bottom line, the average EPS estimate is $0.54.

Next year's average estimate for revenue is $1.61 billion. The average EPS estimate is $2.08.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 498 members out of 509 rating the stock outperform, and 11 members rating it underperform. Among 163 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 162 give Actuant a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Actuant is outperform, with an average price target of $33.08.

Over the decades, small-cap stocks, like Actuant have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.