K12 (NYSE: LRN) reported earnings on Feb. 5. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q2), K12 met expectations on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
 K12 booked revenue of $206.0 million. The seven analysts polled by S&P Capital IQ expected revenue of $208.1 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $166.5 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 $0.24. The six earnings estimates compiled by S&P Capital IQ anticipated $0.22 per share. GAAP EPS of $0.24 for Q2 were 118% higher than the prior-year quarter's $0.11 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 40.4%, 100 basis points better than the prior-year quarter. Operating margin was 7.9%, 360 basis points better than the prior-year quarter. Net margin was 4.6%, 210 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $212.8 million. On the bottom line, the average EPS estimate is $0.26.

Next year's average estimate for revenue is $847.7 million. The average EPS estimate is $0.69.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 164 members out of 188 rating the stock outperform, and 24 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give K12 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 K12 is outperform, with an average price target of $26.86.

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