Saga Communications (AMEX: SGA) reported earnings on March 12. Here are the numbers you need to know.

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

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

Margins grew across the board.

Revenue details
 Saga Communications chalked up revenue of $35.5 million. The two analysts polled by S&P Capital IQ anticipated sales of $34.7 million on the same basis. GAAP reported sales were 8.0% higher than the prior-year quarter's $32.9 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 $1.02. The two earnings estimates compiled by S&P Capital IQ averaged $0.94 per share. Non-GAAP EPS of $1.02 for Q4 were 40% higher than the prior-year quarter's $0.73 per share. GAAP EPS of $0.76 for Q4 were 4.1% higher than the prior-year quarter's $0.73 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 33.6%, 490 basis points better than the prior-year quarter. Operating margin was 27.5%, 400 basis points better than the prior-year quarter. Net margin was 16.2%, 370 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $29.2 million. On the bottom line, the average EPS estimate is $0.48.

Next year's average estimate for revenue is $127.9 million. The average EPS estimate is $2.90.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 19 members out of 25 rating the stock outperform, and six members rating it underperform. Among seven CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Saga Communications a green thumbs-up, and one give it a red thumbs-down.

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