Continental Resources (NYSE: CLR) reported earnings on Aug. 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Continental Resources missed estimates on revenues and earnings per share.

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

Gross margins increased, operating margins contracted, and net margins shrank.

Revenue details
Continental Resources booked revenue of $533.0 million. The 11 analysts polled by S&P Capital IQ foresaw a top line of $554.2 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $398.4 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 $0.68. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.75 per share. GAAP EPS of $2.25 for Q2 were 69% higher than the prior-year quarter's $1.33 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 90.0%, 860 basis points better than the prior-year quarter. Operating margin was 66.6%, 3,480 basis points worse than the prior-year quarter. Net margin was 40.4%, 1,960 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $593.4 million. On the bottom line, the average EPS estimate is $0.80.

Next year's average estimate for revenue is $2.29 billion. The average EPS estimate is $3.23.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 701 members out of 731 rating the stock outperform, and 30 members rating it underperform. Among 116 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 110 give Continental Resources a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Continental Resources is outperform, with an average price target of $93.03.