Spirit AeroSystems Holdings (NYSE: SPR) reported earnings on May 2. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 28 (Q1), Spirit AeroSystems Holdings beat expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share expanded significantly. GAAP earnings per share increased.

Gross margins grew, operating margins increased, net margins shrank.

Revenue details
 Spirit AeroSystems Holdings logged revenue of $1.44 billion. The 16 analysts polled by S&P Capital IQ looked for revenue of $1.41 billion on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $1.27 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 $0.61. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.48 per share. Non-GAAP EPS of $0.61 for Q1 were 17% higher than the prior-year quarter's $0.52 per share. GAAP EPS of $0.57 for Q1 were 9.6% higher than the prior-year quarter's $0.52 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 14.2%, 30 basis points better than the prior-year quarter. Operating margin was 10.0%, 30 basis points better than the prior-year quarter. Net margin was 5.6%, 20 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $1.46 billion. On the bottom line, the average EPS estimate is $0.51.

Next year's average estimate for revenue is $5.98 billion. The average EPS estimate is $2.14.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 310 members out of 325 rating the stock outperform, and 15 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give Spirit AeroSystems Holdings a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spirit AeroSystems Holdings is outperform, with an average price target of $19.79.

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