Dollar Tree (Nasdaq: DLTR) reported earnings on Nov. 15. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Oct. 27 (Q3), Dollar Tree 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 dropped, operating margins expanded, net margins grew.

Revenue details
Dollar Tree tallied revenue of $1.72 billion. The 22 analysts polled by S&P Capital IQ looked for revenue of $1.73 billion on the same basis. GAAP reported sales were 7.8% higher than the prior-year quarter's $1.60 billion.

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 $0.51. The 23 earnings estimates compiled by S&P Capital IQ predicted $0.49 per share. GAAP EPS of $0.68 for Q3 were 55% higher than the prior-year quarter's $0.44 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 34.9%, 20 basis points worse than the prior-year quarter. Operating margin was 10.7%, 40 basis points better than the prior-year quarter. Net margin was 9.0%, 250 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $2.24 billion. On the bottom line, the average EPS estimate is $0.99.

Next year's average estimate for revenue is $7.39 billion. The average EPS estimate is $2.48.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 463 members out of 505 rating the stock outperform, and 42 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 124 give Dollar Tree a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dollar Tree is outperform, with an average price target of $50.03.

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