Rex Energy (Nasdaq: REXX) reported earnings on April 30. Here are the numbers you need to know.

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

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

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

Revenue details
Rex Energy reported revenue of $47.5 million. The nine analysts polled by S&P Capital IQ anticipated net sales of $47.9 million on the same basis. GAAP reported sales were 40% higher than the prior-year quarter's $33.8 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 $0.10. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.11 per share. Non-GAAP EPS of $0.10 for Q1 were 9.1% lower than the prior-year quarter's $0.11 per share. (The prior-year quarter included -$0.11 per share in earnings from discontinued operations.) GAAP EPS were -$0.05 for Q1 compared to -$0.03 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 71.8%, 820 basis points better than the prior-year quarter. Operating margin was 18.1%, 580 basis points worse than the prior-year quarter. Net margin was -6.0%, 120 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $54.4 million. On the bottom line, the average EPS estimate is $0.13.

Next year's average estimate for revenue is $233.1 million. The average EPS estimate is $0.67.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 340 members out of 362 rating the stock outperform, and 22 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Rex Energy a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rex Energy is outperform, with an average price target of $18.08.

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