Itron (Nasdaq: ITRI) reported earnings on Feb. 13. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Itron beat expectations on revenues and whiffed on earnings per share.

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

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

Revenue details
Itron reported revenue of $523.3 million. The 17 analysts polled by S&P Capital IQ expected to see revenue of $471.1 million on the same basis. GAAP reported sales were 19% lower than the prior-year quarter's $642.5 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 $0.58. The 20 earnings estimates compiled by S&P Capital IQ forecast $0.66 per share. GAAP EPS were $0.40 for Q4 compared to -$1.35 per share for the prior-year quarter.

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 31.2%, 140 basis points better than the prior-year quarter. Operating margin was 3.4%, 430 basis points worse than the prior-year quarter. Net margin was 3.0%, 1,150 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $484.2 million. On the bottom line, the average EPS estimate is $0.72.

Next year's average estimate for revenue is $2.06 billion. The average EPS estimate is $3.65.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 517 members out of 540 rating the stock outperform, and 23 members rating it underperform. Among 143 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 137 give Itron a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Itron is outperform, with an average price target of $47.45.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.