Universal Stainless & Alloy Products (Nasdaq: USAP) reported earnings on May 1. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Universal Stainless & Alloy Products missed estimates on revenues and missed estimates on earnings per share.

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

Margins dropped across the board.

Revenue details
 Universal Stainless & Alloy Products notched revenue of $49.1 million. The two analysts polled by S&P Capital IQ hoped for a top line of $49.5 million on the same basis. GAAP reported sales were 34% lower than the prior-year quarter's $74.6 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 $0.01. The two earnings estimates compiled by S&P Capital IQ averaged $0.13 per share. GAAP EPS of $0.01 for Q1 were 99% lower than the prior-year quarter's $0.86 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 9.5%, 960 basis points worse than the prior-year quarter. Operating margin was 0.3%, much worse than the prior-year quarter. Net margin was 0.1%, 830 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $58.2 million. On the bottom line, the average EPS estimate is $0.28.

Next year's average estimate for revenue is $246.8 million. The average EPS estimate is $1.31.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 380 members out of 401 rating the stock outperform, and 21 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give Universal Stainless & Alloy Products 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 Universal Stainless & Alloy Products is outperform, with an average price target of $49.00.

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