Cimarex Energy (NYSE: XEC) reported earnings on Nov. 2. Here are the numbers you need to know.

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

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

Margins dropped across the board.

Revenue details
Cimarex Energy reported revenue of $406.9 million. The 11 analysts polled by S&P Capital IQ wanted to see revenue of $399.9 million on the same basis. GAAP reported sales were 6.2% lower than the prior-year quarter's $433.8 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 $1.01. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.94 per share. GAAP EPS of $0.97 for Q3 were 35% lower than the prior-year quarter's $1.49 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 79.7%, 130 basis points worse than the prior-year quarter. Operating margin was 32.0%, 1,540 basis points worse than the prior-year quarter. Net margin was 20.7%, 880 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $439.9 million. On the bottom line, the average EPS estimate is $1.09.

Next year's average estimate for revenue is $1.61 billion. The average EPS estimate is $4.11.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 521 members out of 544 rating the stock outperform, and 23 members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 103 give Cimarex Energy a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cimarex Energy is outperform, with an average price target of $75.94.

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