Sun Hydraulics (Nasdaq: SNHY) reported earnings on May 6. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 30 (Q1), Sun Hydraulics met expectations on revenues and beat expectations on earnings per share.

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

Gross margins were steady, operating margins dropped, net margins contracted.

Revenue details
 Sun Hydraulics reported revenue of $51.1 million. The two analysts polled by S&P Capital IQ expected to see net sales of $51.8 million on the same basis. GAAP reported sales were 7.6% lower than the prior-year quarter's $55.3 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 $0.37. The two earnings estimates compiled by S&P Capital IQ predicted $0.36 per share. GAAP EPS of $0.37 for Q1 were 9.8% lower than the prior-year quarter's $0.41 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 40.2%, much about the same as the prior-year quarter. Operating margin was 27.3%, 30 basis points worse than the prior-year quarter. Net margin was 18.8%, 40 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $57.5 million. On the bottom line, the average EPS estimate is $0.43.

Next year's average estimate for revenue is $212.1 million. The average EPS estimate is $1.48.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,303 members out of 1,320 rating the stock outperform, and 17 members rating it underperform. Among 380 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 376 give Sun Hydraulics a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sun Hydraulics is hold, with an average price target of $31.00.

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