Precision Drilling (NYSE: PDS) reported earnings on Feb. 14. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), Precision Drilling beat expectations on revenues and beat expectations on earnings per share.

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

Gross margins contracted, operating margins expanded, net margins contracted.

Revenue details
 Precision Drilling chalked up revenue of $535.7 million. The 10 analysts polled by S&P Capital IQ predicted a top line of $500.7 million on the same basis. GAAP reported sales were 7.3% lower than the prior-year quarter's $577.8 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 $0.21. The 12 earnings estimates compiled by S&P Capital IQ averaged $0.18 per share. GAAP EPS were -$0.42 for Q4 versus $0.10 per share for the prior-year quarter.

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 38.8%, 640 basis points worse than the prior-year quarter. Operating margin was 16.4%, 890 basis points better than the prior-year quarter. Net margin was -21.8%, 2,660 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $594.3 million. On the bottom line, the average EPS estimate is $0.29.

Next year's average estimate for revenue is $2.11 billion. The average EPS estimate is $0.78.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,634 members out of 1,676 rating the stock outperform, and 42 members rating it underperform. Among 502 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 492 give Precision Drilling a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Precision Drilling is outperform, with an average price target of $10.13.

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