Landec (Nasdaq: LNDC) reported earnings on Jan. 2. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Nov. 25 (Q2), Landec beat expectations on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
 Landec booked revenue of $114.7 million. The four analysts polled by S&P Capital IQ anticipated sales of $102.8 million on the same basis. GAAP reported sales were 41% higher than the prior-year quarter's $81.6 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 $0.34. The four earnings estimates compiled by S&P Capital IQ predicted $0.16 per share. GAAP EPS of $0.34 for Q2 were 162% higher than the prior-year quarter's $0.13 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 16.1%, 20 basis points better than the prior-year quarter. Operating margin was 6.2%, 100 basis points better than the prior-year quarter. Net margin was 7.8%, 370 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $113.0 million. On the bottom line, the average EPS estimate is $0.19.

Next year's average estimate for revenue is $421.9 million. The average EPS estimate is $0.65.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 913 members out of 937 rating the stock outperform, and 24 members rating it underperform. Among 286 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 284 give Landec 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 Landec is buy, with an average price target of $13.88.

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