Wabash National (NYSE: WNC) reported earnings on July 31. Here are the numbers you need to know.

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

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

Gross margins expanded, operating margins improved, net margins dropped.

Revenue details
Wabash National recorded revenue of $362.4 million. The five analysts polled by S&P Capital IQ wanted to see a top line of $384.5 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $287.1 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 $0.23. The six earnings estimates compiled by S&P Capital IQ predicted $0.22 per share. GAAP EPS of $0.03 for Q2 were 40% lower than the prior-year quarter's $0.05 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 10.9%, 520 basis points better than the prior-year quarter. Operating margin was 5.7%, 390 basis points better than the prior-year quarter. Net margin was 0.5%, 70 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $443.3 million. On the bottom line, the average EPS estimate is $0.30.

Next year's average estimate for revenue is $1.53 billion. The average EPS estimate is $0.98.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 91 members out of 147 rating the stock outperform, and 56 members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Wabash National a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wabash National is buy, with an average price target of $14.20.

Over the decades, small-cap stocks like Wabash National 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." Get instant access to this free report.