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.