Caesars Entertainment (Nasdaq: CZR) reported earnings on May 1. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Caesars Entertainment missed slightly on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank. Non-GAAP loss per share shrank. GAAP loss per share contracted.

Gross margins shrank, operating margins dropped, net margins increased.

Revenue details
 Caesars Entertainment reported revenue of $2.14 billion. The seven analysts polled by S&P Capital IQ predicted a top line of $2.18 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 -$1.09. The five earnings estimates compiled by S&P Capital IQ predicted -$1.59 per share. Non-GAAP EPS were -$1.09 for Q1 against -$1.25 per share for the prior-year quarter. GAAP EPS were -$1.74 for Q1 compared to -$2.24 per share for the prior-year quarter.

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 22.8%, much worse than the prior-year quarter. Operating margin was 10.7%, 60 basis points worse than the prior-year quarter. Net margin was -10.2%, 250 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $2.22 billion. On the bottom line, the average EPS estimate is -$1.50.

Next year's average estimate for revenue is $8.84 billion. The average EPS estimate is -$6.30.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 18 members out of 89 rating the stock outperform, and 71 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), three give Caesars Entertainment a green thumbs-up, and 30 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Caesars Entertainment is underperform, with an average price target of $8.50.

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