CTS (NYSE: CTS) reported earnings on April 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), CTS missed estimates on revenues and missed estimates on earnings per share.

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

Margins expanded across the board.

Revenue details
CTS reported revenue of $149.5 million. The two analysts polled by S&P Capital IQ expected revenue of $158.8 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 $0.14. The two earnings estimates compiled by S&P Capital IQ averaged $0.16 per share. Non-GAAP EPS of $0.14 were the same as the prior-year quarter. GAAP EPS of $0.10 for Q1 were 43% higher than the prior-year quarter's $0.07 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 20.9%, 590 basis points better than the prior-year quarter. Operating margin was 2.4%, 480 basis points better than the prior-year quarter. Net margin was 2.4%, 80 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $164.2 million. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $656.5 million. The average EPS estimate is $0.76.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CTS is buy, with an average price target of $13.50.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.