Watts Water Technologies (NYSE: WTS) reported earnings on Oct. 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q3), Watts Water Technologies met expectations on revenues and beat expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
 Watts Water Technologies chalked up revenue of $361.2 million. The 10 analysts polled by S&P Capital IQ hoped for revenue of $363.8 million on the same basis. GAAP reported sales were 2.6% lower than the prior-year quarter's $370.8 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 $0.63. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.58 per share. GAAP EPS of $0.53 for Q3 were 16% lower than the prior-year quarter's $0.63 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 36.0%, 110 basis points worse than the prior-year quarter. Operating margin was 10.2%, 190 basis points worse than the prior-year quarter. Net margin was 5.2%, 120 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $357.7 million. On the bottom line, the average EPS estimate is $0.56.

Next year's average estimate for revenue is $1.46 billion. The average EPS estimate is $2.11.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 349 members out of 366 rating the stock outperform, and 17 members rating it underperform. Among 103 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 101 give Watts Water Technologies 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 Watts Water Technologies is hold, with an average price target of $39.33.