Bob Evans Farms (Nasdaq: BOBE) reported earnings on Aug. 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended July 27 (Q1), Bob Evans Farms met expectations on revenues and missed estimates on earnings per share.

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

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

Revenue details
Bob Evans Farms chalked up revenue of $409.7 million. The three analysts polled by S&P Capital IQ predicted a top line of $408.1 million on the same basis. GAAP reported sales were 1.1% higher than the prior-year quarter's $405.4 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 $0.58. The three earnings estimates compiled by S&P Capital IQ forecast $0.60 per share. GAAP EPS of $0.53 for Q1 were 10% lower than the prior-year quarter's $0.59 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 38.1%, 90 basis points better than the prior-year quarter. Operating margin was 6.6%, 20 basis points worse than the prior-year quarter. Net margin was 3.7%, 70 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $415.6 million. On the bottom line, the average EPS estimate is $0.59.

Next year's average estimate for revenue is $1.68 billion. The average EPS estimate is $2.69.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 89 members out of 136 rating the stock outperform, and 47 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Bob Evans Farms a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bob Evans Farms is hold, with an average price target of $41.67.

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