Esterline Technologies (NYSE: ESL) reported earnings on May 31. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 26 (Q2), Esterline Technologies missed slightly on revenues and missed estimates on earnings per share.

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

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

Revenue details
 Esterline Technologies notched revenue of $499.6 million. The 10 analysts polled by S&P Capital IQ expected revenue of $507.7 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 $1.14. The nine earnings estimates compiled by S&P Capital IQ forecast $1.25 per share. Non-GAAP EPS of $1.14 for Q2 were 12% lower than the prior-year quarter's $1.29 per share. GAAP EPS of $1.12 for Q2 were 22% lower than the prior-year quarter's $1.44 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 36.3%, 30 basis points worse than the prior-year quarter. Operating margin was 11.5%, 40 basis points better than the prior-year quarter. Net margin was 7.1%, 190 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $504.9 million. On the bottom line, the average EPS estimate is $1.53.

Next year's average estimate for revenue is $2.02 billion. The average EPS estimate is $5.31.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 144 members out of 151 rating the stock outperform, and seven members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Esterline Technologies 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 Esterline Technologies is outperform, with an average price target of $78.50.

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