Berry Petroleum (NYSE: BRY) reported earnings on Feb. 28. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Berry Petroleum met expectations on revenues and whiffed on earnings per share.

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

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

Revenue details
Berry Petroleum reported revenue of $260.1 million. The nine analysts polled by S&P Capital IQ looked for net sales of $260.0 million on the same basis. GAAP reported sales were 8.1% higher than the prior-year quarter's $240.6 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 $0.69. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.77 per share. GAAP EPS were $0.69 for Q4 against -$7.59 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 60.7%, 750 basis points worse than the prior-year quarter. Operating margin was 25.8%, much better than the prior-year quarter. Net margin was 14.8%, much better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $260.0 million. On the bottom line, the average EPS estimate is $0.82.

Next year's average estimate for revenue is $1.07 billion. The average EPS estimate is $3.41.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 346 members out of 368 rating the stock outperform, and 22 members rating it underperform. Among 81 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 78 give Berry 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 Berry Petroleum is hold, with an average price target of $42.79.

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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 position in any of the stocks mentioned. 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.