Waste Connections (NYSE: WCN) reported earnings on April 24. Here are the numbers you need to know.

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

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

Gross margins expanded, operating margins dropped, net margins increased.

Revenue details
Waste Connections tallied revenue of $449.9 million. The nine analysts polled by S&P Capital IQ expected a top line of $441.5 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $376.4 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 $0.37. The nine earnings estimates compiled by S&P Capital IQ averaged $0.33 per share. Non-GAAP EPS of $0.37 for Q1 were 16% higher than the prior-year quarter's $0.32 per share. GAAP EPS of $0.34 for Q1 were 26% higher than the prior-year quarter's $0.27 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 44.0%, 160 basis points better than the prior-year quarter. Operating margin was 19.2%, 20 basis points worse than the prior-year quarter. Net margin was 9.2%, 90 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $489.3 million. On the bottom line, the average EPS estimate is $0.45.

Next year's average estimate for revenue is $1.95 billion. The average EPS estimate is $1.75.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 146 members out of 156 rating the stock outperform, and 10 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Waste Connections a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Waste Connections is outperform, with an average price target of $38.14.

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