FirstService (Nasdaq: FSRV) reported earnings on July 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), FirstService met expectations on revenues and missed estimates on earnings per share.

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

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

Revenue details
FirstService recorded revenue of $593.2 million. The five analysts polled by S&P Capital IQ predicted sales of $598.4 million on the same basis. GAAP reported sales were 4.9% higher than the prior-year quarter's $565.5 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 $0.45. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.47 per share. GAAP EPS of $0.28 for Q2 were 155% higher than the prior-year quarter's $0.11 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 34.8%, 230 basis points worse than the prior-year quarter. Operating margin was 4.8%, 30 basis points worse than the prior-year quarter. Net margin was 1.8%, 80 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $620.0 million. On the bottom line, the average EPS estimate is $0.60.

Next year's average estimate for revenue is $2.34 billion. The average EPS estimate is $1.54.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FirstService is outperform, with an average price target of $33.39.

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.