Kodiak Oil & Gas (NYSE: KOG) reported earnings on May 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Kodiak Oil & Gas whiffed on revenues and missed estimates on earnings per share.

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

Gross margins dropped, operating margins increased, and net margins improved.

Revenue details
Kodiak Oil & Gas chalked up revenue of $79.9 million. The 11 analysts polled by S&P Capital IQ expected a top line of $92.6 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $13.4 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 $0.09. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.11 per share. GAAP EPS were $0.01 for Q1 compared to -$0.04 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 78.4%, 240 basis points worse than the prior-year quarter. Operating margin was 35.6%, 8,970 basis points better than the prior-year quarter. Net margin was 2.2%, 5,600 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $118.8 million. On the bottom line, the average EPS estimate is $0.14.

Next year's average estimate for revenue is $565.7 million. The average EPS estimate is $0.70.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 718 members out of 759 rating the stock outperform, and 41 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 104 give Kodiak Oil & Gas a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kodiak Oil & Gas is outperform, with an average price target of $11.38.

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