Macy's (NYSE: M) reported earnings on Feb. 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Feb. 2 (Q4), Macy's met expectations on revenues and beat expectations on earnings per share.

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

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

Revenue details
Macy's chalked up revenue of $9.35 billion. The 16 analysts polled by S&P Capital IQ wanted to see sales of $9.34 billion on the same basis. GAAP reported sales were 7.2% higher than the prior-year quarter's $8.72 billion.

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 $2.05. The 15 earnings estimates compiled by S&P Capital IQ predicted $1.98 per share. Non-GAAP EPS of $2.05 for Q4 were 21% higher than the prior-year quarter's $1.70 per share. GAAP EPS of $1.83 for Q4 were 4.6% higher than the prior-year quarter's $1.75 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 40.6%, 40 basis points worse than the prior-year quarter. Operating margin was 14.9%, 50 basis points better than the prior-year quarter. Net margin was 7.8%, 70 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $6.34 billion. On the bottom line, the average EPS estimate is $0.51.

Next year's average estimate for revenue is $28.32 billion. The average EPS estimate is $3.82.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 526 members out of 820 rating the stock outperform, and 294 members rating it underperform. Among 221 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 168 give Macy's a green thumbs-up, and 53 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Macy's is outperform, with an average price target of $44.17.

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