Pioneer Energy Services (NYSE: PES) reported earnings on Aug. 7. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Pioneer Energy Services missed estimates on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share expanded significantly.

Margins expanded across the board.

Revenue details
 Pioneer Energy Services booked revenue of $229.8 million. The five analysts polled by S&P Capital IQ expected a top line of $235.4 million on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $171.3 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 $0.15. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.17 per share. GAAP EPS of $0.15 for Q2 were 114% higher than the prior-year quarter's $0.07 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 37.2%, 200 basis points better than the prior-year quarter. Operating margin was 10.1%, 310 basis points better than the prior-year quarter. Net margin was 4.2%, 210 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $243.1 million. On the bottom line, the average EPS estimate is $0.18.

Next year's average estimate for revenue is $950.5 million. The average EPS estimate is $0.73.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 595 members out of 620 rating the stock outperform, and 25 members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 99 give Pioneer Energy Services a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pioneer Energy Services is outperform, with an average price target of $12.57.

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