Evolution Petroleum (AMEX: EPM) reported earnings on Nov. 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Evolution Petroleum whiffed on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share didn't change.

Margins dropped across the board.

Revenue details
Evolution Petroleum logged revenue of $4.3 million. The two analysts polled by S&P Capital IQ predicted revenue of $5.2 million on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $3.9 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 two earnings estimates compiled by S&P Capital IQ averaged $0.06 per share. GAAP EPS of $0.03 were the same as 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 92.1%, 230 basis points worse than the prior-year quarter. Operating margin was 45.0%, 670 basis points worse than the prior-year quarter. Net margin was 27.0%, 240 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $5.7 million. On the bottom line, the average EPS estimate is $0.07.

Next year's average estimate for revenue is $28.4 million. The average EPS estimate is $0.32.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 226 members out of 235 rating the stock outperform, and nine members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Evolution Petroleum a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Evolution Petroleum is buy, with an average price target of $12.00.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.