Johnson Controls (NYSE: JCI) reported earnings on July 18. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q3), Johnson Controls met expectations on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
Johnson Controls notched revenue of $10.83 billion. The 19 analysts polled by S&P Capital IQ hoped for a top line of $10.96 billion 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 $0.78. The 25 earnings estimates compiled by S&P Capital IQ anticipated $0.75 per share. Non-GAAP EPS of $0.78 for Q3 were 22% higher than the prior-year quarter's $0.64 per share. GAAP EPS of $0.83 for Q3 were 36% higher than the prior-year quarter's $0.61 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 15.5%, 100 basis points better than the prior-year quarter. Operating margin was 6.4%, 110 basis points better than the prior-year quarter. Net margin was 5.3%, 140 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $11.01 billion. On the bottom line, the average EPS estimate is $0.92.

Next year's average estimate for revenue is $42.84 billion. The average EPS estimate is $2.61.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,183 members out of 1,247 rating the stock outperform, and 64 members rating it underperform. Among 299 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 287 give Johnson Controls a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Johnson Controls is outperform, with an average price target of $40.20.

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