Tesco (Nasdaq: TESO) reported earnings on May 6. Here are the numbers you need to know.

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

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

Margins shrank across the board.

Revenue details
Tesco reported revenue of $127.1 million. The six analysts polled by S&P Capital IQ wanted to see net sales of $127.4 million on the same basis. GAAP reported sales were 17% lower than the prior-year quarter's $152.4 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 $0.22. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.26 per share. GAAP EPS of $0.22 for Q1 were 41% lower than the prior-year quarter's $0.37 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 19.7%, 170 basis points worse than the prior-year quarter. Operating margin was 8.0%, 450 basis points worse than the prior-year quarter. Net margin was 6.9%, 260 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $125.8 million. On the bottom line, the average EPS estimate is $0.25.

Next year's average estimate for revenue is $524.3 million. The average EPS estimate is $1.07.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 267 members out of 280 rating the stock outperform, and 13 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 74 give Tesco 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 Tesco is outperform, with an average price target of $15.71.

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