Petroleum Development (Nasdaq: PETD) reported earnings yesterday. Here are the numbers you need to know.

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

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

Margins improved across the board.

Revenue details
Petroleum Development logged revenue of $99.4 million. The 11 analysts polled by S&P Capital IQ foresaw a top line of $107.8 million on the same basis. GAAP reported sales were 40% higher than the prior-year quarter's $71.1 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 -$0.25. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.20 per share on the same basis. GAAP EPS were -$0.36 for Q4 versus -$0.87 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 65.1%, 1,260 basis points better than the prior-year quarter. Operating margin was -11.5%, 1,820 basis points better than the prior-year quarter. Net margin was -8.4%, 1,710 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $100.7 million. On the bottom line, the average EPS estimate is $0.06.

Next year's average estimate for revenue is $431.1 million. The average EPS estimate is $0.24.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 283 members out of 310 rating the stock outperform, and 27 members rating it underperform. Among 93 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give Petroleum Development 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 Petroleum Development is outperform, with an average price target of $41.96.

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