New York & Company (NYSE: NWY) reported earnings on May 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended May 4 (Q1), New York & Company beat expectations on revenues and beat expectations on earnings per share.

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

Margins expanded across the board.

Revenue details
New York & Company recorded revenue of $227.5 million. The six analysts polled by S&P Capital IQ looked for revenue of $219.5 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 $0.02. The six earnings estimates compiled by S&P Capital IQ predicted -$0.07 per share. Non-GAAP EPS of $0.02 for Q1 were much higher than the prior-year quarter's $0.00 per share. GAAP EPS of $0.03 for Q1 were much higher than the prior-year quarter's $0.00 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 29.2%, 90 basis points better than the prior-year quarter. Operating margin was 0.5%, 50 basis points better than the prior-year quarter. Net margin was 0.7%, 80 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $230.2 million. On the bottom line, the average EPS estimate is -$0.01.

Next year's average estimate for revenue is $977.7 million. The average EPS estimate is $0.23.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 297 members out of 344 rating the stock outperform, and 47 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give New York & Company a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on New York & Company is outperform, with an average price target of $5.25.

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