,Evolution Petroleum (AMEX: EPM) reported earnings on Feb. 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Evolution Petroleum crushed expectations on revenues and missed expectations on earnings per share.

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

Margins improved across the board.

Revenue details
Evolution Petroleum notched revenue of $4.6 million. The two analysts polled by S&P Capital IQ predicted a top line of $3.9 million. GAAP sales were much higher than the prior-year quarter's $1.2 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 $0.04. The three earnings estimates compiled by S&P Capital IQ anticipated $0.05 per share. GAAP EPS were $0.04 for Q2 compared to -$0.02 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 90.7%, 1,820 basis points better than the prior-year quarter. Operating margin was 52.2%, 10,030 basis points better than the prior-year quarter. Net margin was 30.7%, 6,980 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $4.1 million. On the bottom line, the average EPS estimate is $0.06.

Next year's average estimate for revenue is $16.2 million. The average EPS estimate is $0.21.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 219 members rating the stock outperform and nine members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Evolution Petroleum a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Evolution Petroleum is buy, with an average price target of $10.50.

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