Memorial Production Partners (Nasdaq: MEMP) reported earnings on March 5. Here are the numbers you need to know.

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

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

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

Revenue details
 Memorial Production Partners booked revenue of $39.7 million. The five analysts polled by S&P Capital IQ foresaw revenue of $36.5 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $7.3 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 $0.26. The eight earnings estimates compiled by S&P Capital IQ predicted $0.44 per share. Non-GAAP EPS of $0.26 for Q4 were 10% lower than the prior-year quarter's $0.29 per share. GAAP EPS were $0.19 for Q4 versus -$3.61 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 64.0%, 280 basis points worse than the prior-year quarter. Operating margin was 36.0%, much better than the prior-year quarter. Net margin was 27.9%, much better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $44.3 million. On the bottom line, the average EPS estimate is $0.44.

Next year's average estimate for revenue is $191.2 million. The average EPS estimate is $1.84.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 17 members out of 17 rating the stock outperform, and members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Memorial Production Partners a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Memorial Production Partners is outperform, with an average price target of $21.60.

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