Intrepid Potash (NYSE: IPI) reported earnings May 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Intrepid Potash beat expectations on revenues and met expectations on earnings per share.

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

Margins contracted across the board.

Revenue details
Intrepid Potash tallied revenue of $112.2 million. The five analysts polled by S&P Capital IQ predicted a top line of $110.0 million on the same basis. GAAP reported sales were 9.0% higher than the prior-year quarter's $93.7 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 $0.28. The eight earnings estimates compiled by S&P Capital IQ forecast $0.28 per share. GAAP EPS of $0.27 for Q1 were 29% lower than the prior-year quarter's $0.38 per share.

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 40.4%, 360 basis points worse than the prior-year quarter. Operating margin was 32.1%, 430 basis points worse than the prior-year quarter. Net margin was 20.2%, 1,000 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $132.8 million. On the bottom line, the average EPS estimate is $0.42.

Next year's average estimate for revenue is $500.3 million. The average EPS estimate is $1.53.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intrepid Potash is hold, with an average price target of $27.05.

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