Flowserve (NYSE: FLS) reported earnings on Feb. 21. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), Flowserve met expectations on revenues and crushed expectations on earnings per share.

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

Margins grew across the board.

Revenue details
 Flowserve recorded revenue of $1.33 billion. The 12 analysts polled by S&P Capital IQ wanted to see revenue of $1.32 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $3.62. The 14 earnings estimates compiled by S&P Capital IQ averaged $2.84 per share. Non-GAAP EPS of $3.62 for Q4 were 61% higher than the prior-year quarter's $2.25 per share. GAAP EPS of $2.82 for Q4 were 25% higher than the prior-year quarter's $2.25 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 33.7%, 50 basis points better than the prior-year quarter. Operating margin was 15.0%, 20 basis points better than the prior-year quarter. Net margin was 10.7%, 80 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.12 billion. On the bottom line, the average EPS estimate is $2.05.

Next year's average estimate for revenue is $4.99 billion. The average EPS estimate is $10.29.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 827 members out of 846 rating the stock outperform, and 19 members rating it underperform. Among 195 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 194 give Flowserve a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flowserve is outperform, with an average price target of $158.38.

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