Haynes International (Nasdaq: HAYN) reported earnings on May 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), Haynes International beat slightly 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
Haynes International tallied revenue of $129.2 million. The four analysts polled by S&P Capital IQ expected a top line of $127.1 million on the same basis. GAAP reported sales were 19% lower than the prior-year quarter's $158.9 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 $0.52. The five earnings estimates compiled by S&P Capital IQ averaged $0.55 per share. GAAP EPS of $0.52 for Q2 were 58% lower than the prior-year quarter's $1.23 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 15.5%, 620 basis points worse than the prior-year quarter. Operating margin was 7.6%, 690 basis points worse than the prior-year quarter. Net margin was 5.0%, 450 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $121.4 million. On the bottom line, the average EPS estimate is $0.47.

Next year's average estimate for revenue is $487.4 million. The average EPS estimate is $1.95.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 217 members out of 231 rating the stock outperform, and 14 members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 give Haynes International a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Haynes International is outperform, with an average price target of $65.80.

Steel is for real, but gold is shiny and increaingly popular as a hedge among those who fear inflation. Should you move beyond Haynes International and look into a precious metal play? Find out how Motley Fool Analysts think you can profit from inflation and gold with a little-known company we profile in, "The Tiny Gold Stock Digging Up Massive Profits." Click here for instant access to this free report.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.