Range Resources (NYSE: RRC) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Range Resources crushed expectations on revenue and beat expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
Range Resources booked revenue of $442.4 million. The 21 analysts polled by S&P Capital IQ expected to see revenue of $315.7 million on the same basis. GAAP reported sales were 73% higher than the prior-year quarter's $257.0 million.

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

EPS details
EPS came in at $0.11. The 32 earnings estimates compiled by S&P Capital IQ averaged $0.08 per share. GAAP EPS of $0.34 for Q2 were 6.3% higher than the prior-year quarter's $0.32 per share. (The prior-year quarter included $0.03 per share in earnings from discontinued operations.)

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 81.4%, 460 basis points worse than the prior-year quarter. Operating margin was 31.9%, 1,940 basis points worse than the prior-year quarter. Net margin was 12.5%, 750 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $358.9 million. On the bottom line, the average EPS estimate is $0.19.

Next year's average estimate for revenue is $1.36 billion. The average EPS estimate is $0.70.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 561 members out of 609 rating the stock outperform, and 48 members rating it underperform. Among 154 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 135 give Range Resources a green thumbs-up, and 19 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Range Resources is outperform, with an average price target of $73.10.

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