Con-way (NYSE: CNW) reported earnings on May 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Con-way missed estimates on revenues and missed estimates on earnings per share.

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

Margins dropped across the board.

Revenue details
Con-way booked revenue of $1.34 billion. The 19 analysts polled by S&P Capital IQ anticipated revenue of $1.39 billion 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 $0.19. The 22 earnings estimates compiled by S&P Capital IQ predicted $0.27 per share. Non-GAAP EPS of $0.19 for Q1 were 58% lower than the prior-year quarter's $0.45 per share. GAAP EPS of $0.25 for Q1 were 46% lower than the prior-year quarter's $0.46 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 2.4%, much worse than the prior-year quarter. Operating margin was 2.4%, 170 basis points worse than the prior-year quarter. Net margin was 1.0%, 90 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.49 billion. On the bottom line, the average EPS estimate is $0.66.

Next year's average estimate for revenue is $5.81 billion. The average EPS estimate is $2.11.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 93 members out of 116 rating the stock outperform, and 23 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give Con-way a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Con-way is hold, with an average price target of $38.29.

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