Frontline (NYSE: FRO) reported earnings on May 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Frontline beat expectations on revenues and exceeded expectations on earnings per share.

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

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

Revenue details
Frontline chalked up revenue of $108.8 million. The 10 analysts polled by S&P Capital IQ predicted revenue of $100.7 million on the same basis. GAAP reported sales were 29% lower than the prior-year quarter's $234.8 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 -$0.11. The 10 earnings estimates compiled by S&P Capital IQ predicted -$0.15 per share. GAAP EPS of $0.09 for Q1 were 55% lower than the prior-year quarter's $0.20 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 40.2%, 130 basis points better than the prior-year quarter. Operating margin was 8.7%, 390 basis points worse than the prior-year quarter. Net margin was 4.3%, 230 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $105.5 million. On the bottom line, the average EPS estimate is -$0.05.

Next year's average estimate for revenue is $384.4 million. The average EPS estimate is -$0.68.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Frontline is underperform, with an average price target of $4.37.

How did Frontline treat you during the oil spike in 2008 and the subsequent bust? More importantly, what are you doing to prepare for the next spike that some experts believe another spike may be just around the corner? Prepare yourself with a well-positioned energy stock we profile in "The Only Energy Stock You'll Ever Need." Click here for instant access to this free report.