Vantage Drilling (AMEX: VTG) reported earnings Monday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Vantage Drilling whiffed on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP loss per share shrank.

Gross margins grew, operating margins dropped, and net margins expanded.

Revenue details
Vantage Drilling recorded revenue of $105.1 million. The four analysts polled by S&P Capital IQ looked for sales of $124.0 million on the same basis. GAAP reported sales were 4.1% higher than the prior-year quarter's $101 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 -$0.03. The five earnings estimates compiled by S&P Capital IQ forecast -$0.03 per share. GAAP EPS were -$0.03 for Q2 against -$0.14 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 52.4%, 1,700 basis points better than the prior-year quarter. Operating margin was 30.5%, 140 basis points worse than the prior-year quarter. Net margin was -9.5%, 3,020 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $126.4 million. On the bottom line, the average EPS estimate is -$0.02.

Next year's average estimate for revenue is $517.8 million. The average EPS estimate is -$0.06.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 184 members rating the stock outperform and 12 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Vantage Drilling a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vantage Drilling is outperform, with an average price target of $1.98.