Universal American Corp (NYSE: UAM) reported earnings on April 29. Here are the numbers you need to know.

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

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

Margins dropped across the board.

Revenue details
 Universal American Corp logged revenue of $563.3 million. The six analysts polled by S&P Capital IQ foresaw net sales of $549.1 million on the same basis. GAAP reported sales were 5.9% higher than the prior-year quarter's $531.8 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 $0.20. The eight earnings estimates compiled by S&P Capital IQ averaged $0.17 per share. Non-GAAP EPS of $0.20 for Q1 were 26% lower than the prior-year quarter's $0.27 per share. GAAP EPS of $0.16 for Q1 were 36% lower than the prior-year quarter's $0.25 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 5.9%, much worse than the prior-year quarter. Operating margin was 5.5%, 190 basis points worse than the prior-year quarter. Net margin was 2.5%, 140 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $540.9 million. On the bottom line, the average EPS estimate is $0.14.

Next year's average estimate for revenue is $2.20 billion. The average EPS estimate is $0.63.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 58 members out of 64 rating the stock outperform, and six members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Universal American Corp 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 Universal American Corp is hold, with an average price target of $9.98.

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