Cabot Microelectronics (Nasdaq: CCMP) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), Cabot Microelectronics missed estimates on revenues and missed estimates on earnings per share.

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

Margins expanded across the board.

Revenue details
Cabot Microelectronics notched revenue of $100.4 million. The four analysts polled by S&P Capital IQ expected sales of $104.6 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 $0.40. The four earnings estimates compiled by S&P Capital IQ predicted $0.45 per share. GAAP EPS of $0.40 for Q2 were 74% higher than the prior-year quarter's $0.23 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 48.2%, 210 basis points better than the prior-year quarter. Operating margin was 13.9%, 470 basis points better than the prior-year quarter. Net margin was 9.4%, 380 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $115.2 million. On the bottom line, the average EPS estimate is $0.59.

Next year's average estimate for revenue is $446.5 million. The average EPS estimate is $2.14.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 38 members out of 43 rating the stock outperform, and five members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Cabot Microelectronics a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cabot Microelectronics is outperform, with an average price target of $39.67.

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