Western Refining (NYSE: WNR) reported earnings on Feb. 28. Here are the numbers you need to know.

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

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

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

Revenue details
 Western Refining reported revenue of $2.25 billion. The four analysts polled by S&P Capital IQ predicted net sales of $2.31 billion on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $1.83 billion.

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 $1.45. The eight earnings estimates compiled by S&P Capital IQ forecast $1.35 per share. Non-GAAP EPS of $1.45 for Q4 were 202% higher than the prior-year quarter's $0.48 per share. GAAP EPS were $1.92 for Q4 against -$0.71 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 17.8%, 800 basis points worse than the prior-year quarter. Operating margin was 15.2%, 710 basis points worse than the prior-year quarter. Net margin was 9.2%, much better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $2.16 billion. On the bottom line, the average EPS estimate is $1.23.

Next year's average estimate for revenue is $10.01 billion. The average EPS estimate is $4.59.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,094 members out of 1,147 rating the stock outperform, and 53 members rating it underperform. Among 283 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 273 give Western Refining a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Western Refining is outperform, with an average price target of $32.44.

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