BP (NYSE: BP) reported earnings on April 30. Here are the numbers you need to know.

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

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

Margins grew across the board.

Revenue details
 BP notched revenue of $94.11 billion. The two analysts polled by S&P Capital IQ wanted to see a top line of $93.58 billion on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $94.04 billion.

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 $1.32. The six earnings estimates compiled by S&P Capital IQ predicted $1.10 per share. Non-GAAP EPS of $1.32 for Q1 were 12% lower than the prior-year quarter's $1.50 per share. GAAP EPS of $0.88 for Q1 were 193% higher than the prior-year quarter's $0.30 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 24.6%, much better than the prior-year quarter. Operating margin was 18.4%, much better than the prior-year quarter. Net margin was 15.8%, 950 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $93.24 billion. On the bottom line, the average EPS estimate is $1.21.

Next year's average estimate for revenue is $339.83 billion. The average EPS estimate is $4.95.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,903 members out of 5,230 rating the stock outperform, and 327 members rating it underperform. Among 1,052 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,004 give BP a green thumbs-up, and 48 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BP is outperform, with an average price target of $48.03.

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