Aceto (Nasdaq: ACET) reported earnings on May 10. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q3), Aceto beat expectations on revenues and beat expectations on earnings per share.

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

Margins increased across the board.

Revenue details
Aceto booked revenue of $150.9 million. The two analysts polled by S&P Capital IQ hoped for revenue of $136.8 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $121.4 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 $0.34. The two earnings estimates compiled by S&P Capital IQ anticipated $0.26 per share. Non-GAAP EPS of $0.34 for Q3 were 89% higher than the prior-year quarter's $0.18 per share. GAAP EPS of $0.28 for Q3 were 40% higher than the prior-year quarter's $0.20 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 20.9%, 270 basis points better than the prior-year quarter. Operating margin was 7.8%, 160 basis points better than the prior-year quarter. Net margin was 5.0%, 60 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $127.5 million. On the bottom line, the average EPS estimate is $0.21.

Next year's average estimate for revenue is $490.0 million. The average EPS estimate is $0.81.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 250 members out of 257 rating the stock outperform, and seven members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Aceto 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 Aceto is buy, with an average price target of $14.00.

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