BE Aerospace (Nasdaq: BEAV) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), BE Aerospace beat expectations on revenues and earnings per share.

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

Gross margins shrank, operating margins grew, and net margins improved.

Revenue details
BE Aerospace logged revenue of $768.1 million. The 14 analysts polled by S&P Capital IQ expected a top line of $749.1 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $608.9 million.

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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 $0.72. The 15 earnings estimates compiled by S&P Capital IQ anticipated $0.68 per share. GAAP EPS of $0.69 for Q2 were 28% higher than the prior-year quarter's $0.54 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 38.2%, 10 basis points worse than the prior-year quarter. Operating margin was 17.9%, 40 basis points better than the prior-year quarter. Net margin was 9.3%, 30 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $767.6 million. On the bottom line, the average EPS estimate is $0.72.

Next year's average estimate for revenue is $3.03 billion. The average EPS estimate is $2.81.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 570 members out of 591 rating the stock outperform, and 21 members rating it underperform. Among 141 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 136 give BE Aerospace a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BE Aerospace is buy, with an average price target of $54.87.

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.