Spectra Energy (NYSE: SE) reported earnings on Feb. 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Spectra Energy missed estimates on revenues and missed expectations on earnings per share.

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

Margins contracted across the board.

Revenue details
Spectra Energy reported revenue of $1.43 billion. The four analysts polled by S&P Capital IQ predicted sales of $1.46 billion. Sales were 3.3% higher than the prior-year quarter's $1.38 billion.

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

EPS details
EPS came in at $0.44. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.49 per share. GAAP EPS of $0.44 for Q4 were 10% lower than the prior-year quarter's $0.49 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 31.0%, 2,560 basis points worse than the prior-year quarter. Operating margin was 31.0%, 440 basis points worse than the prior-year quarter. Net margin was 20.2%, 290 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.69 billion. On the bottom line, the average EPS estimate is $0.57.

Next year's average estimate for revenue is $5.75 billion. The average EPS estimate is $1.90.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 791 members rating the stock outperform, and 30 members rating it underperform. Among 254 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 250 give Spectra Energy a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spectra Energy is outperform, with an average price target of $30.27.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of Spectra Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.