Computer Sciences (NYSE: CSC) reported earnings on May 15. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 29 (Q4), Computer Sciences missed estimates on revenues and crushed expectations on earnings per share.

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

Margins expanded across the board.

Revenue details
Computer Sciences booked revenue of $3.70 billion. The 12 analysts polled by S&P Capital IQ anticipated a top line of $3.84 billion on the same basis. GAAP reported sales were 10% lower than the prior-year quarter's $4.11 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 $1.28. The 14 earnings estimates compiled by S&P Capital IQ averaged $0.98 per share. Non-GAAP EPS were $1.28 for Q4 against -$0.14 per share for the prior-year quarter. GAAP EPS were $1.81 for Q4 compared to -$1.02 per share for the prior-year quarter.

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 23.3%, 890 basis points better than the prior-year quarter. Operating margin was 7.0%, 610 basis points better than the prior-year quarter. Net margin was 7.6%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $3.66 billion. On the bottom line, the average EPS estimate is $0.70.

Next year's average estimate for revenue is $14.79 billion. The average EPS estimate is $3.45.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 243 members out of 285 rating the stock outperform, and 42 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 78 give Computer Sciences a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Computer Sciences is hold, with an average price target of $45.12.

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