Gulfport Energy (Nasdaq: GPOR) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Gulfport Energy missed estimates on revenues and earnings per share.

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

Gross margins increased, operating margins shrank, net margins shrank.

Revenue details
Gulfport Energy recorded revenue of $65.5 million. The five analysts polled by S&P Capital IQ expected a top line of $68.9 million on the same basis. GAAP reported sales were 41% higher than the prior-year quarter's $46.6 million.

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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 $0.48. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.59 per share. GAAP EPS of $0.48 for Q1 were 2.1% higher than the prior-year quarter's $0.47 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 79.2%, 100 basis points better than the prior-year quarter. Operating margin was 41.6%, 570 basis points worse than the prior-year quarter. Net margin was 41.0%, 450 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $72.5 million. On the bottom line, the average EPS estimate is $0.61.

Next year's average estimate for revenue is $304.5 million. The average EPS estimate is $2.58.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gulfport Energy is outperform, with an average price target of $41.45.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of Gulfport Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.