T. Rowe Price Group (Nasdaq: TROW) reported earnings on Oct. 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), T. Rowe Price Group met expectations on revenues and beat expectations on earnings per share.

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

Gross margins dropped, operating margins increased, net margins grew.

Revenue details
T. Rowe Price Group logged revenue of $769.7 million. The 16 analysts polled by S&P Capital IQ wanted to see a top line of $766.0 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $680.2 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 $0.87. The 19 earnings estimates compiled by S&P Capital IQ forecast $0.83 per share. GAAP EPS of $0.94 for Q3 were 32% higher than the prior-year quarter's $0.71 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 62.6%, 40 basis points worse than the prior-year quarter. Operating margin was 46.6%, 310 basis points better than the prior-year quarter. Net margin was 32.1%, 480 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $797.7 million. On the bottom line, the average EPS estimate is $0.89.

Next year's average estimate for revenue is $3.03 billion. The average EPS estimate is $3.30.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 373 members out of 400 rating the stock outperform, and 27 members rating it underperform. Among 112 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 105 give T. Rowe Price Group a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on T. Rowe Price Group is outperform, with an average price target of $65.53.

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