Bob Evans Farms (Nasdaq: BOBE) reported earnings on Feb. 19. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Jan. 25 (Q3), Bob Evans Farms met expectations on revenues and beat slightly on earnings per share.

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

Gross margins grew, operating margins dropped, net margins dropped.

Revenue details
 Bob Evans Farms booked revenue of $434.4 million. The four analysts polled by S&P Capital IQ wanted to see net sales of $432.5 million 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 $0.56. The five earnings estimates compiled by S&P Capital IQ anticipated $0.55 per share. Non-GAAP EPS of $0.56 for Q3 were 19% lower than the prior-year quarter's $0.69 per share. GAAP EPS of $0.20 for Q3 were 71% lower than the prior-year quarter's $0.69 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 37.4%, 70 basis points better than the prior-year quarter. Operating margin was 6.5%, 60 basis points worse than the prior-year quarter. Net margin was 1.3%, 340 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $351.8 million. On the bottom line, the average EPS estimate is $0.66.

Next year's average estimate for revenue is $1.60 billion. The average EPS estimate is $2.34.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 89 members out of 136 rating the stock outperform, and 47 members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Bob Evans Farms a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bob Evans Farms is outperform, with an average price target of $47.70.

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