Herman Miller (Nasdaq: MLHR) reported earnings on Sep. 19. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 1 (Q1), Herman Miller met expectations on revenues and missed estimates on earnings per share.

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

Margins dropped across the board.

Revenue details
 Herman Miller reported revenue of $449.7 million. The four analysts polled by S&P Capital IQ expected to see net sales of $449.0 million on the same basis. GAAP reported sales were 1.8% lower than the prior-year quarter's $458.1 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 $0.38. The four earnings estimates compiled by S&P Capital IQ predicted $0.39 per share. GAAP EPS of $0.34 for Q1 were 19% lower than the prior-year quarter's $0.42 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 33.3%, 40 basis points worse than the prior-year quarter. Operating margin was 7.7%, 140 basis points worse than the prior-year quarter. Net margin was 4.4%, 100 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $460.8 million. On the bottom line, the average EPS estimate is $0.42.

Next year's average estimate for revenue is $1.81 billion. The average EPS estimate is $1.53.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 120 members out of 132 rating the stock outperform, and 12 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Herman Miller a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Herman Miller is outperform, with an average price target of $29.00.