Pioneer Natural Resources (NYSE: PXD) reported earnings on May 1. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Pioneer Natural Resources met expectations on revenues and beat expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
 Pioneer Natural Resources logged revenue of $831.6 million. The 16 analysts polled by S&P Capital IQ expected revenue of $831.7 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $725.5 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 $1.02. The 30 earnings estimates compiled by S&P Capital IQ predicted $0.99 per share. Non-GAAP EPS of $1.02 for Q1 were 17% lower than the prior-year quarter's $1.23 per share. (The prior-year quarter included $0.08 per share in earnings from discontinued operations.) GAAP EPS of $0.75 for Q1 were 55% lower than the prior-year quarter's $1.65 per share. (The prior-year quarter included $0.08 per share in earnings from discontinued operations.)

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 73.1%, 70 basis points worse than the prior-year quarter. Operating margin was 26.4%, much worse than the prior-year quarter. Net margin was 12.1%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $885.9 million. On the bottom line, the average EPS estimate is $1.09.

Next year's average estimate for revenue is $3.67 billion. The average EPS estimate is $4.65.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 285 members out of 311 rating the stock outperform, and 26 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Pioneer Natural Resources 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 Pioneer Natural Resources is outperform, with an average price target of $137.11.

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