Goodrich Petroleum (NYSE: GDP) reported earnings on May 6. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Goodrich Petroleum whiffed on revenues and missed expectations on earnings per share.

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

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

Revenue details
 Goodrich Petroleum tallied revenue of $47.1 million. The five analysts polled by S&P Capital IQ looked for a top line of $55.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 -$0.76. The 20 earnings estimates compiled by S&P Capital IQ forecast -$0.48 per share. Non-GAAP EPS were -$0.76 for Q1 versus -$0.28 per share for the prior-year quarter. GAAP EPS were -$0.82 for Q1 against -$0.53 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 73.3%, 460 basis points better than the prior-year quarter. Operating margin was -28.0%, much worse than the prior-year quarter. Net margin was -60.5%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $60.9 million. On the bottom line, the average EPS estimate is -$0.50.

Next year's average estimate for revenue is $250.8 million. The average EPS estimate is -$1.78.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 199 members out of 225 rating the stock outperform, and 26 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Goodrich Petroleum a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Goodrich Petroleum is outperform, with an average price target of $16.96.

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