Precision Drilling (NYSE: PDS) reported earnings on July 25. Here are the numbers you need to know.

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

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

Margins shrank across the board.

Revenue details
 Precision Drilling reported revenue of $359.5 million. The 10 analysts polled by S&P Capital IQ predicted a top line of $338.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $0.00. The 16 earnings estimates compiled by S&P Capital IQ predicted -$0.01 per share. GAAP EPS contracted to zero from the prior-year quarter's $0.06.

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 31.7%, 40 basis points worse than the prior-year quarter. Operating margin was 4.1%, 390 basis points worse than the prior-year quarter. Net margin was 0.1%, 470 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $495.1 million. On the bottom line, the average EPS estimate is $0.17.

Next year's average estimate for revenue is $1.96 billion. The average EPS estimate is $0.70.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,614 members out of 1,657 rating the stock outperform, and 43 members rating it underperform. Among 437 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 427 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 $9.31.

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