RigNet (Nasdaq: RNET) reported earnings yesterday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), RigNet beat slightly on revenues and whiffed on earnings per share.

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

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

Revenue details
RigNet recorded revenue of $29.8 million. The two analysts polled by S&P Capital IQ foresaw revenue of $29.3 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $24.3 million.

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

EPS details
EPS came in at $0.12. The three earnings estimates compiled by S&P Capital IQ forecast $0.18 per share. GAAP EPS were $0.12 for Q4 compared to -$0.88 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 56.0%, 220 basis points better than the prior-year quarter. Operating margin was 14.7%, 180 basis points worse than the prior-year quarter. Net margin was 6.6%, 2,630 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $29.2 million. On the bottom line, the average EPS estimate is $0.19.

Next year's average estimate for revenue is $120.7 million. The average EPS estimate is $0.85.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on RigNet is buy, with an average price target of $20.33.

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