Wright Medical Group (Nasdaq: WMGI) reported earnings on April 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Wright Medical Group met expectations on revenues and exceeded expectations on earnings per share.

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

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

Revenue details
Wright Medical Group notched revenue of $120.4 million. The 14 analysts polled by S&P Capital IQ expected to see a top line of $121.4 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 -$0.02. The 12 earnings estimates compiled by S&P Capital IQ anticipated -$0.05 per share. Non-GAAP EPS were -$0.02 for Q1 versus $0.17 per share for the prior-year quarter. GAAP EPS of $0.20 for Q1 were 67% higher than the prior-year quarter's $0.12 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 68.2%, 270 basis points worse than the prior-year quarter. Operating margin was 6.8%, 150 basis points worse than the prior-year quarter. Net margin was 7.0%, 340 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $122.6 million. On the bottom line, the average EPS estimate is -$0.12.

Next year's average estimate for revenue is $491.1 million. The average EPS estimate is -$0.29.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 44 members out of 61 rating the stock outperform, and 17 members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give Wright Medical Group 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 Wright Medical Group is outperform, with an average price target of $25.18.

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