Meridian Bioscience (Nasdaq: VIVO) reported earnings on Jan. 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Meridian Bioscience beat expectations on revenues and beat expectations on earnings per share.

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

Margins expanded across the board.

Revenue details
Meridian Bioscience chalked up revenue of $45.4 million. The eight analysts polled by S&P Capital IQ anticipated sales of $44.4 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $40.3 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 $0.20. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. GAAP EPS of $0.20 for Q1 were 25% higher than the prior-year quarter's $0.16 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 63.5%, 210 basis points better than the prior-year quarter. Operating margin was 28.9%, 340 basis points better than the prior-year quarter. Net margin was 18.7%, 240 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $48.7 million. On the bottom line, the average EPS estimate is $0.23.

Next year's average estimate for revenue is $189.4 million. The average EPS estimate is $0.87.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 463 members out of 475 rating the stock outperform, and 12 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 115 give Meridian Bioscience a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Meridian Bioscience is hold, with an average price target of $20.43.

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