Swift Energy (NYSE: SFY) reported earnings on Aug. 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Swift Energy beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted significantly. The profit was a surprise, as analysts had predicted a loss.

Margins contracted across the board.

Revenue details
Swift Energy chalked up revenue of $134.8 million. The six analysts polled by S&P Capital IQ wanted to see sales of $130.8 million on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $159.2 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 $0.07. The 13 earnings estimates compiled by S&P Capital IQ predicted -$0.04 per share. GAAP EPS of $0.07 for Q2 were 93% lower than the prior-year quarter's $0.95 per share. (The prior-year quarter included $0.34 per share in earnings from discontinued operations.)

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 78.1%, 510 basis points worse than the prior-year quarter. Operating margin was 13.7%, 1,800 basis points worse than the prior-year quarter. Net margin was 2.2%, 2,360 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $143.5 million. On the bottom line, the average EPS estimate is -$0.03.

Next year's average estimate for revenue is $565.6 million. The average EPS estimate is $0.15.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 259 members out of 283 rating the stock outperform, and 24 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Swift Energy 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 Swift Energy is outperform, with an average price target of $36.07.

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