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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