Cimarex Energy (NYSE: XEC) reported earnings on May 3. Here are the numbers you need to know.

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

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

Margins shrank across the board.

Revenue details
Cimarex Energy reported revenue of $423.0 million. The nine analysts polled by S&P Capital IQ hoped for a top line of $416.3 million on the same basis. GAAP reported sales were 0.8% lower than the prior-year quarter's $426.6 million.

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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 $1.26. The 18 earnings estimates compiled by S&P Capital IQ predicted $1.28 per share. GAAP EPS of $1.23 for Q1 were 10% lower than the prior-year quarter's $1.37 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 79.7%, 240 basis points worse than the prior-year quarter. Operating margin was 39.0%, 520 basis points worse than the prior-year quarter. Net margin was 25.1%, 260 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $433.8 million. On the bottom line, the average EPS estimate is $1.27.

Next year's average estimate for revenue is $1.80 billion. The average EPS estimate is $5.49.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 516 members out of 537 rating the stock outperform, and 21 members rating it underperform. Among 113 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 108 give Cimarex Energy a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cimarex Energy is outperform, with an average price target of $86.79.

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