HNI (NYSE: HNI) reported earnings on April 17. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 30 (Q1), HNI met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly. GAAP earnings per share grew.

Gross margins grew, operating margins were steady, net margins expanded.

Revenue details
HNI chalked up revenue of $442.3 million. The five analysts polled by S&P Capital IQ foresaw a top line of $438.4 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 $0.03. The five earnings estimates compiled by S&P Capital IQ predicted -$0.02 per share. GAAP EPS of $0.03 for Q1 were much higher than the prior-year quarter's $0.00 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 33.4%, 40 basis points better than the prior-year quarter. Operating margin was 0.7%, much about the same as the prior-year quarter. Net margin was 0.3%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $490.9 million. On the bottom line, the average EPS estimate is $0.22.

Next year's average estimate for revenue is $2.06 billion. The average EPS estimate is $1.35.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 36 members out of 49 rating the stock outperform, and 13 members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give HNI a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on HNI is hold, with an average price target of $30.50.

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