Patterson-UTI Energy (Nasdaq: PTEN) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Patterson-UTI Energy beat slightly on revenues and beat expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
 Patterson-UTI Energy chalked up revenue of $667.0 million. The 18 analysts polled by S&P Capital IQ wanted to see revenue of $659.0 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $745.9 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 $0.38. The 27 earnings estimates compiled by S&P Capital IQ predicted $0.36 per share. GAAP EPS of $0.38 for Q1 were 39% lower than the prior-year quarter's $0.62 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 37.3%, 210 basis points worse than the prior-year quarter. Operating margin was 14.3%, 650 basis points worse than the prior-year quarter. Net margin was 8.4%, 460 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $655.6 million. On the bottom line, the average EPS estimate is $0.34.

Next year's average estimate for revenue is $2.67 billion. The average EPS estimate is $1.44.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 772 members out of 822 rating the stock outperform, and 50 members rating it underperform. Among 186 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 169 give Patterson-UTI Energy a green thumbs-up, and 17 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Patterson-UTI Energy is outperform, with an average price target of $25.56.

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