Goodrich Petroleum (NYSE: GDP) reported earnings on Feb. 20. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Goodrich Petroleum whiffed on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank. Non-GAAP loss per share dropped. GAAP loss per share increased.

Gross margins grew, operating margins dropped, net margins contracted.

Revenue details
Goodrich Petroleum booked revenue of $48.2 million. The 13 analysts polled by S&P Capital IQ expected a top line of $65.4 million on the same basis. GAAP reported sales were 6.2% lower than the prior-year quarter's $51.4 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 -$0.19. The 20 earnings estimates compiled by S&P Capital IQ predicted -$0.08 per share. Non-GAAP EPS were -$0.19 for Q4 compared to -$0.38 per share for the prior-year quarter. GAAP EPS were -$2.12 for Q4 compared to -$0.66 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 79.5%, 490 basis points better than the prior-year quarter. Operating margin was -46.4%, 2,800 basis points worse than the prior-year quarter. Net margin was -156.9%, 11,350 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $57.6 million. On the bottom line, the average EPS estimate is -$0.39.

Next year's average estimate for revenue is $259.7 million. The average EPS estimate is -$1.31.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 198 members out of 225 rating the stock outperform, and 27 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Goodrich Petroleum 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 Goodrich Petroleum is outperform, with an average price target of $16.40.

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