Key Energy Services (NYSE: KEG) reported earnings on July 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Key Energy Services met expectations on revenues and beat expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
Key Energy Services chalked up revenue of $516.0 million. The eight analysts polled by S&P Capital IQ predicted a top line of $513.9 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $445.4 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 $0.21. The 13 earnings estimates compiled by S&P Capital IQ anticipated $0.19 per share. GAAP EPS of $0.17 for Q2 were 32% lower than the prior-year quarter's $0.25 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 33.3%, 140 basis points worse than the prior-year quarter. Operating margin was 11.9%, 180 basis points worse than the prior-year quarter. Net margin was 5.6%, 250 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $536.3 million. On the bottom line, the average EPS estimate is $0.22.

Next year's average estimate for revenue is $2.08 billion. The average EPS estimate is $0.88.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 289 members out of 303 rating the stock outperform, and 14 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Key Energy Services 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 Key Energy Services is outperform, with an average price target of $15.00.