Berry Petroleum (NYSE: BRY) reported earnings on Nov. 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Berry Petroleum met expectations on revenues and missed estimates on earnings per share.

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

Margins dropped across the board.

Revenue details
Berry Petroleum logged revenue of $244.8 million. The 13 analysts polled by S&P Capital IQ anticipated revenue of $244.5 million on the same basis. GAAP reported sales were 2.5% higher than the prior-year quarter's $238.8 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 $0.71. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.78 per share. GAAP EPS of $0.33 for Q3 were 86% lower than the prior-year quarter's $2.42 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 64.5%, 140 basis points worse than the prior-year quarter. Operating margin was 31.9%, 7,250 basis points worse than the prior-year quarter. Net margin was 7.4%, 4,870 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $265.2 million. On the bottom line, the average EPS estimate is $0.90.

Next year's average estimate for revenue is $980.6 million. The average EPS estimate is $3.36.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 348 members out of 367 rating the stock outperform, and 19 members rating it underperform. Among 83 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give Berry Petroleum a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Berry Petroleum is outperform, with an average price target of $49.92.

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