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

The 10-second takeaway
For the quarter ended March 31 (Q2), Johnson Controls met expectations on revenues and met expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
Johnson Controls recorded revenue of $10.43 billion. The 18 analysts polled by S&P Capital IQ expected to see revenue of $10.49 billion 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 $0.42. The 25 earnings estimates compiled by S&P Capital IQ averaged $0.42 per share. Non-GAAP EPS of $0.42 for Q2 were 21% lower than the prior-year quarter's $0.53 per share. GAAP EPS of $0.21 for Q2 were 60% lower than the prior-year quarter's $0.53 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 14.3%, 40 basis points worse than the prior-year quarter. Operating margin was 3.8%, 70 basis points worse than the prior-year quarter. Net margin was 1.4%, 200 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $11.03 billion. On the bottom line, the average EPS estimate is $0.75.

Next year's average estimate for revenue is $43.06 billion. The average EPS estimate is $2.59.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,195 members out of 1,258 rating the stock outperform, and 63 members rating it underperform. Among 281 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 270 give Johnson Controls a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Johnson Controls is outperform, with an average price target of $34.63.

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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.