Flotek Industries (NYSE: FTK) reported earnings on Nov. 7. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q3), Flotek Industries missed estimates on revenues and missed estimates on earnings per share.

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

Gross margins increased, operating margins shrank, net margins dropped.

Revenue details
 Flotek Industries logged revenue of $78.6 million. The four analysts polled by S&P Capital IQ hoped for sales of $84.7 million on the same basis. GAAP reported sales were 4.8% higher than the prior-year quarter's $75.1 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 $0.19. The four earnings estimates compiled by S&P Capital IQ predicted $0.21 per share. GAAP EPS of $0.19 for Q3 were 46% lower than the prior-year quarter's $0.35 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 43.0%, 210 basis points better than the prior-year quarter. Operating margin was 18.6%, 290 basis points worse than the prior-year quarter. Net margin was 12.5%, 1,140 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $85.5 million. On the bottom line, the average EPS estimate is $0.22.

Next year's average estimate for revenue is $327.7 million. The average EPS estimate is $0.75.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 753 members out of 784 rating the stock outperform, and 31 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 144 give Flotek Industries a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flotek Industries is buy, with an average price target of $17.00.