AGCO (NYSE: AGCO) reported earnings on April 30. Here are the numbers you need to know.

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

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

Gross margins grew, operating margins dropped, net margins contracted.

Revenue details
AGCO reported revenue of $2.40 billion. The 11 analysts polled by S&P Capital IQ hoped for revenue of $2.24 billion on the same basis. GAAP reported sales were 5.7% higher than the prior-year quarter's $2.27 billion.

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 $1.19. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.90 per share. GAAP EPS of $1.19 for Q1 were 1.7% lower than the prior-year quarter's $1.21 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 22.2%, 50 basis points better than the prior-year quarter. Operating margin was 7.4%, 10 basis points worse than the prior-year quarter. Net margin was 4.9%, 40 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $2.82 billion. On the bottom line, the average EPS estimate is $1.81.

Next year's average estimate for revenue is $10.63 billion. The average EPS estimate is $5.63.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 307 members out of 329 rating the stock outperform, and 22 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give AGCO a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AGCO is outperform, with an average price target of $58.60.

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