Toro (NYSE: TTC) reported earnings on Aug. 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Aug. 3 (Q3), Toro missed estimates on revenues and beat expectations on earnings per share.

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

Margins improved across the board.

Revenue details
 Toro logged revenue of $504.1 million. The four analysts polled by S&P Capital IQ expected to see a top line of $525.2 million on the same basis. GAAP reported sales were 0.6% higher than the prior-year quarter's $501.0 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 $0.67. The five earnings estimates compiled by S&P Capital IQ anticipated $0.62 per share. GAAP EPS of $0.67 for Q3 were 20% higher than the prior-year quarter's $0.56 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 35.3%, 180 basis points better than the prior-year quarter. Operating margin was 12.1%, 120 basis points better than the prior-year quarter. Net margin was 8.0%, 100 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $368.4 million. On the bottom line, the average EPS estimate is $0.06.

Next year's average estimate for revenue is $2.00 billion. The average EPS estimate is $2.14.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 180 members out of 192 rating the stock outperform, and 12 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give Toro a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Toro is hold, with an average price target of $36.20.