Helmerich & Payne (NYSE: HP) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), Helmerich & Payne beat slightly on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
Helmerich & Payne booked revenue of $838.3 million. The 15 analysts polled by S&P Capital IQ hoped for sales of $824.9 million on the same basis. GAAP reported sales were 8.9% higher than the prior-year quarter's $770.0 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 $1.36. The 23 earnings estimates compiled by S&P Capital IQ anticipated $1.29 per share. Non-GAAP EPS of $1.36 for Q2 were 20% higher than the prior-year quarter's $1.13 per share. GAAP EPS of $1.39 for Q2 were 18% higher than the prior-year quarter's $1.18 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 44.9%, 310 basis points better than the prior-year quarter. Operating margin was 27.2%, 130 basis points better than the prior-year quarter. Net margin was 18.0%, 120 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $844.6 million. On the bottom line, the average EPS estimate is $1.34.

Next year's average estimate for revenue is $3.38 billion. The average EPS estimate is $5.45.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,016 members out of 1,091 rating the stock outperform, and 75 members rating it underperform. Among 192 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 181 give Helmerich & Payne a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Helmerich & Payne is outperform, with an average price target of $70.81.

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