Energy XXI (Bermuda) Limited (Nasdaq: EXXI) reported earnings on May 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q3), Energy XXI (Bermuda) Limited missed estimates on revenues and missed estimates on earnings per share.

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

Margins expanded across the board.

Revenue details
Energy XXI (Bermuda) Limited reported revenue of $336.0 million. The seven analysts polled by S&P Capital IQ expected a top line of $346.0 million on the same basis. GAAP reported sales were 30% higher than the prior-year quarter's $258.6 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 $1.04. The 12 earnings estimates compiled by S&P Capital IQ predicted $1.10 per share. GAAP EPS of $1.04 for Q3 were 447% higher than the prior-year quarter's $0.19 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 75.5%, 290 basis points better than the prior-year quarter. Operating margin was 37.7%, 1,290 basis points better than the prior-year quarter. Net margin was 27.2%, 2,010 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $392.0 million. On the bottom line, the average EPS estimate is $1.15.

Next year's average estimate for revenue is $1.36 billion. The average EPS estimate is $3.96.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 189 members out of 201 rating the stock outperform, and 12 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Energy XXI (Bermuda) Limited a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Energy XXI (Bermuda) Limited is outperform, with an average price target of $43.09.

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