Garmin (Nasdaq: GRMN) reported earnings on Oct. 31. Here are the numbers you need to know.

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

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

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

Revenue details
Garmin tallied revenue of $672.4 million. The 11 analysts polled by S&P Capital IQ expected a top line of $662.3 million on the same basis. GAAP reported sales were 0.8% higher than the prior-year quarter's $667.0 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 $0.74. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.61 per share. GAAP EPS of $0.72 for Q3 were 6.5% lower than the prior-year quarter's $0.77 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 53.4%, 180 basis points better than the prior-year quarter. Operating margin was 23.8%, 110 basis points better than the prior-year quarter. Net margin was 20.9%, 160 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $864.5 million. On the bottom line, the average EPS estimate is $0.83.

Next year's average estimate for revenue is $2.80 billion. The average EPS estimate is $2.88.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 4,343 members out of 4,781 rating the stock outperform, and 438 members rating it underperform. Among 1,071 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 968 give Garmin a green thumbs-up, and 103 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Garmin is outperform, with an average price target of $48.68.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Garmin. Motley Fool newsletter services recommend Garmin. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.