Fresh Del Monte Produce (NYSE: FDP) reported earnings on Oct. 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 28 (Q3), Fresh Del Monte Produce met expectations on revenues and beat expectations on earnings per share.

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

Margins expanded across the board.

Revenue details
Fresh Del Monte Produce chalked up revenue of $788.8 million. The three analysts polled by S&P Capital IQ predicted a top line of $786.6 million on the same basis. GAAP reported sales were 0.8% lower than the prior-year quarter's $795.2 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 $0.45. The five earnings estimates compiled by S&P Capital IQ forecast $0.33 per share. GAAP EPS of $0.40 for Q3 were 90% higher than the prior-year quarter's $0.21 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 9.5%, 160 basis points better than the prior-year quarter. Operating margin was 3.6%, 160 basis points better than the prior-year quarter. Net margin was 3.0%, 150 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $778.4 million. On the bottom line, the average EPS estimate is $0.05.

Next year's average estimate for revenue is $3.43 billion. The average EPS estimate is $2.59.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 179 members out of 224 rating the stock outperform, and 45 members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Fresh Del Monte Produce a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fresh Del Monte Produce is outperform, with an average price target of $27.80.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.