Intrepid Potash (NYSE: IPI) reported earnings on Oct. 31. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Intrepid Potash beat expectations on revenues and beat expectations on earnings per share.

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

Gross margins dropped, operating margins contracted, net margins expanded.

Revenue details
Intrepid Potash tallied revenue of $129.4 million. The eight analysts polled by S&P Capital IQ expected to see a top line of $119.1 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $102.8 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 $0.38. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.35 per share. GAAP EPS of $0.44 for Q3 were 29% higher than the prior-year quarter's $0.34 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 44.9%, 90 basis points worse than the prior-year quarter. Operating margin was 37.7%, 290 basis points worse than the prior-year quarter. Net margin was 28.8%, 400 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $119.8 million. On the bottom line, the average EPS estimate is $0.32.

Next year's average estimate for revenue is $443.8 million. The average EPS estimate is $1.20.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intrepid Potash is outperform, with an average price target of $25.58.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.