SeaDrill (NYSE: SDRL) reported earnings on Feb. 28. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share expanded. GAAP earnings per share expanded.

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

Revenue details
SeaDrill reported revenue of $1.22 billion. The 22 analysts polled by S&P Capital IQ predicted a top line of $1.11 billion on the same basis. GAAP reported sales were 8.3% higher than the prior-year quarter's $1.04 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 $0.49. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.57 per share. Non-GAAP EPS were $0.49 for Q4 compared to -$0.30 per share for the prior-year quarter. GAAP EPS were $0.04 for Q4 versus -$0.27 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 60.2%, 70 basis points worse than the prior-year quarter. Operating margin was 38.9%, 320 basis points worse than the prior-year quarter. Net margin was 1.5%, much better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.17 billion. On the bottom line, the average EPS estimate is $0.61.

Next year's average estimate for revenue is $4.92 billion. The average EPS estimate is $2.84.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 999 members out of 1,007 rating the stock outperform, and eight members rating it underperform. Among 209 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 207 give SeaDrill a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SeaDrill is hold, with an average price target of $42.65.

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