Gran Tierra Energy (AMEX: GTE) reported earnings on Feb. 26. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), Gran Tierra Energy whiffed on revenues and beat expectations on earnings per share.

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

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

Revenue details
 Gran Tierra Energy reported revenue of $144.7 million. The six analysts polled by S&P Capital IQ predicted sales of $165.3 million on the same basis. GAAP reported sales were 10% lower than the prior-year quarter's $161.4 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 $0.12. The eight earnings estimates compiled by S&P Capital IQ averaged $0.11 per share. Non-GAAP EPS of $0.12 for Q4 were 9.1% higher than the prior-year quarter's $0.11 per share. GAAP EPS of $0.15 for Q4 were 36% higher than the prior-year quarter's $0.11 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 74.7%, 970 basis points worse than the prior-year quarter. Operating margin was 35.7%, much worse than the prior-year quarter. Net margin was 29.1%, 890 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $168.8 million. On the bottom line, the average EPS estimate is $0.14.

Next year's average estimate for revenue is $711.8 million. The average EPS estimate is $0.59.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 357 members out of 380 rating the stock outperform, and 23 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 give Gran Tierra Energy 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 Gran Tierra Energy is outperform, with an average price target of $6.75.

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