Cal-Maine Foods (Nasdaq: CALM) reported earnings on Dec. 31. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 1 (Q2), Cal-Maine Foods beat expectations on revenues and whiffed on earnings per share.

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

Margins shrank across the board.

Revenue details
Cal-Maine Foods chalked up revenue of $328.9 million. The three analysts polled by S&P Capital IQ expected sales of $320.8 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $290.4 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 $0.60. The three earnings estimates compiled by S&P Capital IQ predicted $0.97 per share. GAAP EPS of $0.60 for Q2 were 38% lower than the prior-year quarter's $0.97 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 15.6%, 560 basis points worse than the prior-year quarter. Operating margin was 6.2%, 610 basis points worse than the prior-year quarter. Net margin was 4.3%, 370 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $348.9 million. On the bottom line, the average EPS estimate is $1.23.

Next year's average estimate for revenue is $1.24 billion. The average EPS estimate is $3.13.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 734 members out of 774 rating the stock outperform, and 40 members rating it underperform. Among 168 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 161 give Cal-Maine Foods a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cal-Maine Foods is outperform, with an average price target of $44.00.

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