Precision Drilling (NYSE: PDS) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Precision Drilling met expectations on revenues and beat expectations on earnings per share.

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

Margins contracted across the board.

Revenue details
 Precision Drilling logged revenue of $585.7 million. The 12 analysts polled by S&P Capital IQ foresaw sales of $590.0 million on the same basis. GAAP reported sales were 8.7% lower than the prior-year quarter's $641.4 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 $0.32. The 19 earnings estimates compiled by S&P Capital IQ forecast $0.29 per share. GAAP EPS of $0.32 for Q1 were 18% lower than the prior-year quarter's $0.39 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 42.6%, 170 basis points worse than the prior-year quarter. Operating margin was 21.9%, 480 basis points worse than the prior-year quarter. Net margin was 15.7%, 170 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $383.9 million. On the bottom line, the average EPS estimate is $0.02.

Next year's average estimate for revenue is $2.04 billion. The average EPS estimate is $0.73.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,623 members out of 1,665 rating the stock outperform, and 42 members rating it underperform. Among 436 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 425 give Precision Drilling a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Precision Drilling is outperform, with an average price target of $9.72.

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