QEP Resources (NYSE: QEP) reported earnings on April 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), QEP Resources whiffed on revenues and missed estimates on earnings per share.

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

Gross margins dropped, operating margins dropped, net margins expanded.

Revenue details
QEP Resources reported revenue of $603.2 million. The five analysts polled by S&P Capital IQ looked for net sales of $705.0 million on the same basis. GAAP reported sales were 1.2% higher than the prior-year quarter's $596.2 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 $0.41. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.45 per share on the same basis. GAAP EPS of $0.87 for Q1 were 112% higher than the prior-year quarter's $0.41 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 54.1%, 760 basis points worse than the prior-year quarter. Operating margin was 8.0%, 1,500 basis points worse than the prior-year quarter. Net margin was 25.7%, 1,340 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $721.2 million. On the bottom line, the average EPS estimate is $0.47.

Next year's average estimate for revenue is $3.09 billion. The average EPS estimate is $2.01.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 48 members out of 49 rating the stock outperform, and one members rating it underperform. Among 13 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give QEP Resources a green thumbs-up, and none give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on QEP Resources is outperform, with an average price target of $44.19.

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