Regal Beloit (NYSE: RBC) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 29 (Q2), Regal Beloit met expectations on revenues and missed estimates on earnings per share.

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

Gross margins were steady, operating margins contracted, net margins contracted.

Revenue details
 Regal Beloit reported revenue of $822.0 million. The 12 analysts polled by S&P Capital IQ anticipated net sales of $819.2 million on the same basis. GAAP reported sales were 4.9% lower than the prior-year quarter's $863.9 million.

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 $1.13. The 14 earnings estimates compiled by S&P Capital IQ predicted $1.24 per share. GAAP EPS of $1.13 for Q2 were 24% lower than the prior-year quarter's $1.49 per share.

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 25.5%, much about the same as the prior-year quarter. Operating margin was 9.9%, 210 basis points worse than the prior-year quarter. Net margin was 6.2%, 110 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $788.0 million. On the bottom line, the average EPS estimate is $1.23.

Next year's average estimate for revenue is $3.12 billion. The average EPS estimate is $4.37.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 119 members out of 127 rating the stock outperform, and eight members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Regal Beloit 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 Regal Beloit is outperform, with an average price target of $73.73.

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