Tractor Supply (Nasdaq: TSCO) reported earnings on Oct. 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 29 (Q3), Tractor Supply met expectations on revenues and beat expectations on earnings per share.

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

Gross margins were steady, operating margins expanded, net margins expanded.

Revenue details
Tractor Supply notched revenue of $1.07 billion. The 22 analysts polled by S&P Capital IQ hoped for a top line of $1.07 billion on the same basis. GAAP reported sales were 9.0% higher than the prior-year quarter's $977.8 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 $0.69. The 22 earnings estimates compiled by S&P Capital IQ predicted $0.67 per share. GAAP EPS of $0.69 for Q3 were 19% higher than the prior-year quarter's $0.58 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 33.5%, about the same as the prior-year quarter. Operating margin was 7.3%, 30 basis points better than the prior-year quarter. Net margin was 4.7%, 30 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.29 billion. On the bottom line, the average EPS estimate is $1.04.

Next year's average estimate for revenue is $4.67 billion. The average EPS estimate is $3.71.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 337 members out of 375 rating the stock outperform, and 38 members rating it underperform. Among 122 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 114 give Tractor Supply a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tractor Supply is outperform, with an average price target of $102.66.

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