Dril-Quip (NYSE: DRQ) reported earnings on Feb. 28. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue grew. GAAP earnings per share expanded.

Gross margins dropped, operating margins dropped, net margins were steady.

Revenue details
Dril-Quip booked revenue of $188.5 million. The nine analysts polled by S&P Capital IQ foresaw a top line of $190.0 million on the same basis. GAAP reported sales were 9.8% higher than the prior-year quarter's $171.6 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 $0.76. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.74 per share. GAAP EPS of $0.76 for Q4 were 10% higher than the prior-year quarter's $0.69 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 39.3%, 50 basis points worse than the prior-year quarter. Operating margin was 22.1%, 210 basis points worse than the prior-year quarter. Net margin was 16.4%, much about the same as the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $196.0 million. On the bottom line, the average EPS estimate is $0.80.

Next year's average estimate for revenue is $840.7 million. The average EPS estimate is $3.71.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 336 members out of 357 rating the stock outperform, and 21 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 98 give Dril-Quip a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dril-Quip is hold, with an average price target of $78.90.

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