Culp (NYSE: CFI) reported earnings on Feb. 27. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Jan. 27 (Q3), Culp met expectations on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
 Culp recorded revenue of $63.7 million. The one analyst polled by S&P Capital IQ predicted a top line of $64.5 million on the same basis. GAAP reported sales were 5.4% higher than the prior-year quarter's $60.5 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 $0.32. The two earnings estimates compiled by S&P Capital IQ predicted $0.29 per share. Non-GAAP EPS of $0.32 for Q3 were 129% higher than the prior-year quarter's $0.14 per share. GAAP EPS of $0.23 for Q3 were 64% higher than the prior-year quarter's $0.14 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 18.3%, 420 basis points better than the prior-year quarter. Operating margin was 7.6%, 260 basis points better than the prior-year quarter. Net margin was 4.4%, 140 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $77.5 million. On the bottom line, the average EPS estimate is $0.39.

Next year's average estimate for revenue is $282.5 million. The average EPS estimate is $1.30.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 44 members out of 52 rating the stock outperform, and eight members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Culp a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Culp is buy, with an average price target of $16.50.

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