QEP Resources (NYSE: QEP) reported earnings on Feb. 22. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), QEP Resources beat expectations on revenues and crushed expectations on earnings per share.

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

Margins shrank across the board.

Revenue details
QEP Resources recorded revenue of $853.3 million. The six analysts polled by S&P Capital IQ foresaw sales of $779.1 million on the same basis. GAAP reported sales were 49% higher than the prior-year quarter's $572.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.58. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.45 per share on the same basis. GAAP EPS dropped to zero from the prior-year quarter's $0.37.

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 56.7%, 650 basis points worse than the prior-year quarter. Operating margin was 1.9%, 2,000 basis points worse than the prior-year quarter. Net margin was 0.0%, 1,140 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $773.3 million. On the bottom line, the average EPS estimate is $0.43.

Next year's average estimate for revenue is $3.30 billion. The average EPS estimate is $2.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 45 members out of 46 rating the stock outperform, and one member rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give QEP Resources a green thumbs-up.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on QEP Resources is outperform, with an average price target of $46.39.

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