Toro (NYSE: TTC) reported earnings on May 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended May 3 (Q2), Toro beat slightly on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
 Toro booked revenue of $704.5 million. The two analysts polled by S&P Capital IQ anticipated sales of $695.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $1.32. The four earnings estimates compiled by S&P Capital IQ averaged $1.17 per share. GAAP EPS of $1.32 for Q2 were 17% higher than the prior-year quarter's $1.13 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 35.8%, 180 basis points better than the prior-year quarter. Operating margin was 16.7%, 130 basis points better than the prior-year quarter. Net margin was 11.1%, 110 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $512.2 million. On the bottom line, the average EPS estimate is $0.69.

Next year's average estimate for revenue is $2.02 billion. The average EPS estimate is $2.46.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 187 members out of 198 rating the stock outperform, and 11 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give Toro 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 Toro is hold, with an average price target of $46.00.

Is Toro the right retailer for your portfolio? Learn how to maximize your investment income and ""Secure Your Future With 9 Rock-Solid Dividend Stocks,"" including one above-average retailing powerhouse. Click here for instant access to this free report.