Devon Energy (NYSE: DVN) reported earnings on Feb. 20. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share contracted significantly. GAAP earnings per share shrank to a loss.

Margins dropped across the board.

Revenue details
 Devon Energy notched revenue of $2.58 billion. The nine analysts polled by S&P Capital IQ predicted a top line of $2.44 billion 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 $0.78. The 26 earnings estimates compiled by S&P Capital IQ predicted $0.76 per share. Non-GAAP EPS of $0.78 for Q4 were 50% lower than the prior-year quarter's $1.55 per share. (The prior-year quarter included -$0.03 per share in earnings from discontinued operations.) GAAP EPS were -$0.89 for Q4 compared to $1.24 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 63.9%, 220 basis points worse than the prior-year quarter. Operating margin was 23.7%, 780 basis points worse than the prior-year quarter. Net margin was -13.8%, 3,260 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $2.46 billion. On the bottom line, the average EPS estimate is $0.85.

Next year's average estimate for revenue is $10.57 billion. The average EPS estimate is $4.15.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,181 members out of 2,236 rating the stock outperform, and 55 members rating it underperform. Among 524 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 516 give Devon Energy a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Devon Energy is outperform, with an average price target of $71.78.

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