Dean Foods (NYSE: DF) reported earnings on May 9. Here are the numbers you need to know.

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

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

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

Revenue details
Dean Foods recorded revenue of $2.88 billion. The seven analysts polled by S&P Capital IQ hoped for a top line of $2.94 billion on the same basis. GAAP reported sales were 10% lower than the prior-year quarter's $3.21 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 $0.29. The nine earnings estimates compiled by S&P Capital IQ averaged $0.26 per share. Non-GAAP EPS of $0.29 for Q1 were 6.5% lower than the prior-year quarter's $0.31 per share. GAAP EPS of $2.63 for Q1 were much 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 24.8%, 30 basis points better than the prior-year quarter. Operating margin was 3.9%, 80 basis points worse than the prior-year quarter. Net margin was 17.1%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $2.77 billion. On the bottom line, the average EPS estimate is $0.26.

Next year's average estimate for revenue is $11.37 billion. The average EPS estimate is $1.10.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 449 members out of 499 rating the stock outperform, and 50 members rating it underperform. Among 121 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 give Dean Foods a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dean Foods is outperform, with an average price target of $20.38.

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