Rockwell Collins (NYSE: COL) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q3), Rockwell Collins missed estimates on revenue and met expectations on earnings per share.

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

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

Revenue details
Rockwell Collins logged revenue of $1.21 billion. The 16 analysts polled by S&P Capital IQ predicted revenue of $1.23 billion on the same basis. GAAP reported sales were 1.3% higher than the prior-year quarter's $1.19 billion.

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 $1.14. The 19 earnings estimates compiled by S&P Capital IQ forecast $1.15 per share. GAAP EPS of $1.14 for Q3 were 12% higher than the prior-year quarter's $1.02 per share. (The prior-year quarter included $0.01 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 29.8%, 20 basis points worse than the prior-year quarter. Operating margin was 18.8%, 20 basis points worse than the prior-year quarter. Net margin was 13.8%, 50 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.34 billion. On the bottom line, the average EPS estimate is $1.31.

Next year's average estimate for revenue is $4.83 billion.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 341 members out of 357 rating the stock outperform, and 16 members rating it underperform. Among 93 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 give Rockwell Collins a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rockwell Collins is outperform, with an average price target of $62.93.

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