Chevron (NYSE: CVX) reported earnings on April 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Chevron whiffed on revenues and beat slightly on earnings per share.

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

Gross margins dropped, operating margins grew, net margins increased.

Revenue details
Chevron reported revenue of $58.90 billion. The five analysts polled by S&P Capital IQ looked for a top line of $72.42 billion on the same basis. GAAP reported sales were 1.7% lower than the prior-year quarter's $56.28 billion.

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 $3.27. The 14 earnings estimates compiled by S&P Capital IQ predicted $3.22 per share. GAAP EPS of $3.27 for Q1 were 5.8% higher than the prior-year quarter's $3.09 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 30.2%, 200 basis points worse than the prior-year quarter. Operating margin was 18.5%, 220 basis points better than the prior-year quarter. Net margin was 11.7%, 70 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $72.59 billion. On the bottom line, the average EPS estimate is $3.41.

Next year's average estimate for revenue is $281.07 billion. The average EPS estimate is $13.37.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 3,951 members out of 4,109 rating the stock outperform, and 158 members rating it underperform. Among 941 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 917 give Chevron a green thumbs-up, and 24 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chevron is outperform, with an average price target of $125.00.

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