Quicksilver Resources (NYSE: KWK) reported earnings on Feb. 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Quicksilver Resources missed estimates on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP earnings per share. GAAP earnings per share shrank to a loss.

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

Revenue details
Quicksilver Resources recorded revenue of $179.1 million. The five analysts polled by S&P Capital IQ expected to see revenue of $185.8 million on the same basis. GAAP reported sales were 19% lower than the prior-year quarter's $221.9 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 -$0.01. The 19 earnings estimates compiled by S&P Capital IQ forecast $0.01 per share. Non-GAAP EPS were -$0.01 for Q4 against $0.00 per share for the prior-year quarter. GAAP EPS were -$6.47 for Q4 compared to $0.13 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 51.8%, 70 basis points worse than the prior-year quarter. Operating margin was 19.8%, 410 basis points better than the prior-year quarter. Net margin was -614.8%, much worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $167.0 million. On the bottom line, the average EPS estimate is -$0.08.

Next year's average estimate for revenue is $689.5 million. The average EPS estimate is -$0.28.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 814 members out of 846 rating the stock outperform, and 32 members rating it underperform. Among 187 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 180 give Quicksilver Resources a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quicksilver Resources is hold, with an average price target of $4.98.

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