Atwood Oceanics (NYSE: ATW) reported earnings on Feb. 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Atwood Oceanics met expectations on revenues and missed expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
Atwood Oceanics reported revenue of $184.7 million. The seven analysts polled by S&P Capital IQ expected revenue of $184.4 million. Sales were 26% higher than the prior-year quarter's $146.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
EPS came in at $1.00. The 11 earnings estimates compiled by S&P Capital IQ predicted $1.02 per share. GAAP EPS of $1.00 for Q1 were 23% higher than the prior-year quarter's $0.81 per share.

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 57.6%, 250 basis points worse than the prior-year quarter. Operating margin was 41.6%, 180 basis points worse than the prior-year quarter. Net margin was 35.5%, 60 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $169.7 million. On the bottom line, the average EPS estimate is $0.86.

Next year's average estimate for revenue is $743.1 million. The average EPS estimate is $4.04.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,344 members out of 2,366 rating the stock outperform, and 22 members rating it underperform. Among 780 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 774 give Atwood Oceanics a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Atwood Oceanics is outperform, with an average price target of $48.07.

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