TAL International Group (NYSE: TAL) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), TAL International Group beat expectations on revenues and met expectations on earnings per share.

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

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

Revenue details
TAL International Group tallied revenue of $172.0 million. The 11 analysts polled by S&P Capital IQ expected net sales of $157.0 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $150.0 million.

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 $1.07. The 10 earnings estimates compiled by S&P Capital IQ predicted $1.07 per share. Non-GAAP EPS of $1.07 for Q2 were 7.0% higher than the prior-year quarter's $1.00 per share. GAAP EPS of $1.12 for Q2 were 29% higher than the prior-year quarter's $0.87 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 80.4%, 290 basis points worse than the prior-year quarter. Operating margin was 44.3%, 900 basis points worse than the prior-year quarter. Net margin was 22.0%, 250 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $162.7 million. On the bottom line, the average EPS estimate is $1.14.

Next year's average estimate for revenue is $641.9 million. The average EPS estimate is $4.43.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TAL International Group is outperform, with an average price target of $47.27.

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