Parker Drilling (NYSE: PKD) reported earnings on Feb. 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Parker Drilling met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded, and GAAP loss per share expanded.

Gross margins expanded, operating margins shrank, and net margins shrank.

Revenue details
Parker Drilling chalked up revenue of $181.1 million. The four analysts polled by S&P Capital IQ foresaw revenue of $182.8 million on the same basis. GAAP reported sales were 4.5% higher than the prior-year quarter's $173.3 million.

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

EPS details
Non-GAAP EPS came in at $0.17. The five earnings estimates compiled by S&P Capital IQ predicted $0.17 per share on the same basis. GAAP EPS were -$0.77 for Q4 against -$0.12 per share for the prior-year quarter.

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 40.9%, 960 basis points better than the prior-year quarter. Operating margin was -73.7%, 8,470 basis points worse than the prior-year quarter. Net margin was -49.8%, 4,210 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $192.6 million. On the bottom line, the average EPS estimate is $0.16.

Next year's average estimate for revenue is $822.3 million. The average EPS estimate is $0.71.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 654 members rating the stock outperform and 25 members rating it underperform. Among 137 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 133 give Parker Drilling a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Parker Drilling is outperform, with an average price target of $8.

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