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

The 10-second takeaway
For the quarter ended March 31 (Q1), Polaris Industries met expectations on revenues and beat expectations on earnings per share.

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

Gross margins increased, operating margins were steady, net margins increased.

Revenue details
Polaris Industries booked revenue of $745.9 million. The 12 analysts polled by S&P Capital IQ looked for net sales of $753.4 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $680.9 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 $1.07. The 12 earnings estimates compiled by S&P Capital IQ predicted $1.01 per share. GAAP EPS of $1.07 for Q1 were 26% higher than the prior-year quarter's $0.85 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 30.0%, 30 basis points better than the prior-year quarter. Operating margin was 13.5%, much about the same as the prior-year quarter. Net margin was 10.0%, 120 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $844.9 million. On the bottom line, the average EPS estimate is $1.16.

Next year's average estimate for revenue is $3.66 billion. The average EPS estimate is $5.17.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 292 members out of 330 rating the stock outperform, and 38 members rating it underperform. Among 98 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give Polaris Industries a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Polaris Industries is outperform, with an average price target of $99.92.

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