Express (NYSE: EXPR) reported earnings on May 30. Here are the numbers you need to know.

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

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

Margins dropped across the board.

Revenue details
Express logged revenue of $508.5 million. The nine analysts polled by S&P Capital IQ expected revenue of $498.2 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 $0.38. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.36 per share. GAAP EPS of $0.38 for Q1 were 19% lower than the prior-year quarter's $0.47 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 33.6%, 450 basis points worse than the prior-year quarter. Operating margin was 11.5%, 350 basis points worse than the prior-year quarter. Net margin was 6.4%, 210 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $472.6 million. On the bottom line, the average EPS estimate is $0.18.

Next year's average estimate for revenue is $2.22 billion. The average EPS estimate is $1.56.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 72 members out of 81 rating the stock outperform, and nine members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Express a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Express is buy, with an average price target of $21.00.

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