Frontier Communications (Nasdaq: FTR) reported earnings on May 6. Here are the numbers you need to know.

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

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

Gross margins were steady, operating margins grew, net margins grew.

Revenue details
 Frontier Communications recorded revenue of $1.21 billion. The 13 analysts polled by S&P Capital IQ hoped for revenue of $1.22 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 $0.05. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS of $0.05 for Q1 were 67% higher than the prior-year quarter's $0.03 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 90.9%, much about the same as the prior-year quarter. Operating margin was 20.8%, 110 basis points better than the prior-year quarter. Net margin was 4.0%, 190 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $1.21 billion. On the bottom line, the average EPS estimate is $0.06.

Next year's average estimate for revenue is $4.81 billion. The average EPS estimate is $0.21.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 965 members out of 1,075 rating the stock outperform, and 110 members rating it underperform. Among 204 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 179 give Frontier Communications a green thumbs-up, and 25 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Frontier Communications is outperform, with an average price target of $5.00.

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