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

The 10-second takeaway
 For the quarter ended March 31 (Q2), Meritor met expectations on revenues and beat expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
 Meritor chalked up revenue of $908.0 million. The nine analysts polled by S&P Capital IQ expected to see a top line of $910.6 million on the same basis. GAAP reported sales were 22% lower than the prior-year quarter's $1.16 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 $0.06. The 13 earnings estimates compiled by S&P Capital IQ anticipated $0.04 per share. Non-GAAP EPS of $0.06 for Q2 were 82% lower than the prior-year quarter's $0.33 per share. (The prior-year quarter included -$0.09 per share in earnings from discontinued operations.) GAAP EPS were -$0.04 for Q2 compared to $0.21 per share for the prior-year quarter.

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 10.5%, 110 basis points worse than the prior-year quarter. Operating margin was 3.2%, 210 basis points worse than the prior-year quarter. Net margin was -0.4%, 210 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $1.01 billion. On the bottom line, the average EPS estimate is $0.17.

Next year's average estimate for revenue is $3.80 billion. The average EPS estimate is $0.28.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 140 members out of 189 rating the stock outperform, and 49 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Meritor a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Meritor is outperform, with an average price target of $5.94.

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