Meritor (NYSE: MTOR) reported earnings on July 31. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share dropped. GAAP earnings per share dropped to a loss.

Margins dropped across the board.

Revenue details
 Meritor reported revenue of $993.0 million. The nine analysts polled by S&P Capital IQ predicted revenue of $1.02 billion on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $1.11 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 EPS came in at $0.34. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. Non-GAAP EPS of $0.34 for Q3 were 11% lower than the prior-year quarter's $0.38 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.) GAAP EPS were -$0.39 for Q3 against $0.50 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
 For the quarter, gross margin was 11.0%, 90 basis points worse than the prior-year quarter. Operating margin was 4.2%, 150 basis points worse than the prior-year quarter. Net margin was -3.8%, 820 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $983.7 million. On the bottom line, the average EPS estimate is $0.17.

Next year's average estimate for revenue is $3.81 billion. The average EPS estimate is $0.31.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 141 members out of 190 rating the stock outperform, and 49 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 give Meritor a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Meritor is outperform, with an average price target of $7.50.

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