Starbucks (Nasdaq: SBUX) reported earnings on July 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended July 1 (Q3), Starbucks met expectations on revenue and missed estimates on earnings per share.

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

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

Revenue details
Starbucks reported revenue of $3.30 billion. The 24 analysts polled by S&P Capital IQ expected a top line of $3.34 billion on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $2.93 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 $0.43. The 28 earnings estimates compiled by S&P Capital IQ averaged $0.45 per share. GAAP EPS of $0.43 for Q3 were 19% higher than the prior-year quarter's $0.36 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 56.2%, 130 basis points worse than the prior-year quarter. Operating margin was 13.3%, 110 basis points better than the prior-year quarter. Net margin was 10.1%, 60 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.46 billion. On the bottom line, the average EPS estimate is $0.48.

Next year's average estimate for revenue is $13.50 billion. The average EPS estimate is $1.83.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 6,180 members out of 7,821 rating the stock outperform, and 1,641 members rating it underperform. Among 2,166 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,941 give Starbucks a green thumbs-up, and 225 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Starbucks is outperform, with an average price target of $64.52.