Overseas Shipholding Group (NYSE: OSG) reported earnings May 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Overseas Shipholding Group crushed expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue improved and GAAP loss per share didn't change.

Margins expanded across the board.

Revenue details
Overseas Shipholding Group chalked up revenue of $292.4 million. The two analysts polled by S&P Capital IQ expected a top line of $214.5 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $263.7 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 -$1.22. The four earnings estimates compiled by S&P Capital IQ predicted -$1.06 per share. GAAP EPS of -$1.15 were the same as 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 16.3%, 40 basis points better than the prior-year quarter. Operating margin was -7.8%, 170 basis points better than the prior-year quarter. Net margin was -11.9%, 120 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $228.2 million. On the bottom line, the average EPS estimate is -$1.31.

Next year's average estimate for revenue is $928.6 million. The average EPS estimate is -$4.83.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Overseas Shipholding Group is hold, with an average price target of $12.19.

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