Murphy Oil (NYSE: MUR) reported earnings May 2. Here are the numbers you need to know.

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

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

Margins expanded across the board.

Revenue details
Murphy Oil booked revenue of $6.99 billion. The three analysts polled by S&P Capital IQ looked for sales of $7.24 billion on the same basis. GAAP reported sales were 4.8% lower than the prior-year quarter's $7.35 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 $1.49. The 10 earnings estimates compiled by S&P Capital IQ forecast $1.46 per share. GAAP EPS of $1.49 for Q1 were 8.0% higher than the prior-year quarter's $1.38 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 14.1%, 170 basis points better than the prior-year quarter. Operating margin was 7.1%, 90 basis points better than the prior-year quarter. Net margin was 4.1%, 40 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $7.85 billion. On the bottom line, the average EPS estimate is $1.34.

Next year's average estimate for revenue is $28.19 billion. The average EPS estimate is $5.51.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 499 members out of 514 rating the stock outperform, and 15 members rating it underperform. Among 119 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 115 give Murphy Oil 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 Murphy Oil is outperform, with an average price target of $67.57.

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