hhgregg (NYSE: HGG) reported earnings on Jan. 31. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q3), hhgregg met expectations on revenues and met expectations on earnings per share.

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

Gross margins grew, operating margins contracted, net margins shrank.

Revenue details
hhgregg recorded revenue of $799.6 million. The 11 analysts polled by S&P Capital IQ hoped for revenue of $802.0 million on the same basis. GAAP reported sales were 3.6% lower than the prior-year quarter's $829.5 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 $0.52. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.52 per share. GAAP EPS of $0.51 for Q3 were 15% lower than the prior-year quarter's $0.60 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 27.3%, 10 basis points better than the prior-year quarter. Operating margin was 3.7%, 80 basis points worse than the prior-year quarter. Net margin was 2.2%, 50 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $626.7 million. On the bottom line, the average EPS estimate is $0.30.

Next year's average estimate for revenue is $2.50 billion. The average EPS estimate is $0.75.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on hhgregg is hold, with an average price target of $8.36.

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