TransGlobe Energy (Nasdaq: TGA) reported earnings on March 7. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share increased.

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

Revenue details
 TransGlobe Energy reported revenue of $92.4 million. The two analysts polled by S&P Capital IQ expected revenue of $90.8 million on the same basis. GAAP reported sales were 53% higher than the prior-year quarter's $60.6 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 $0.50. The five earnings estimates compiled by S&P Capital IQ forecast $0.36 per share. Non-GAAP EPS of $0.50 for Q4 were 72% higher than the prior-year quarter's $0.29 per share. GAAP EPS of $0.46 for Q4 were 12% higher than the prior-year quarter's $0.41 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 81.3%, 180 basis points worse than the prior-year quarter. Operating margin was 60.2%, 180 basis points better than the prior-year quarter. Net margin was 37.6%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $84.0 million. On the bottom line, the average EPS estimate is $0.30.

Next year's average estimate for revenue is $375.0 million. The average EPS estimate is $1.52.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 507 members out of 530 rating the stock outperform, and 23 members rating it underperform. Among 106 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 104 give TransGlobe Energy a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TransGlobe Energy is outperform, with an average price target of $16.59.

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