Key Energy Services (NYSE: KEG) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Key Energy Services missed estimates on revenues and missed estimates on earnings per share.

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

Margins shrank across the board.

Revenue details
 Key Energy Services reported revenue of $428.4 million. The 13 analysts polled by S&P Capital IQ wanted to see a top line of $443.8 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $486.8 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 $0.01. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. Non-GAAP EPS of $0.01 for Q1 were 96% lower than the prior-year quarter's $0.23 per share. (The prior-year quarter included -$0.20 per share in earnings from discontinued operations.) GAAP EPS dropped to zero from the prior-year quarter's $0.02.

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 30.2%, 580 basis points worse than the prior-year quarter. Operating margin was 2.8%, much worse than the prior-year quarter. Net margin was -0.1%, 80 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $487.6 million. On the bottom line, the average EPS estimate is $0.11.

Next year's average estimate for revenue is $1.96 billion. The average EPS estimate is $0.46.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 287 members out of 302 rating the stock outperform, and 15 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 64 give Key Energy Services 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 Key Energy Services is outperform, with an average price target of $10.38.

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