Compressco Partners (Nasdaq: GSJK) reported earnings on May 7. Here are the numbers you need to know.

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

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

Gross margins contracted, operating margins expanded, net margins expanded.

Revenue details
 Compressco Partners notched revenue of $30.8 million. The two analysts polled by S&P Capital IQ expected a top line of $32.4 million on the same basis. GAAP reported sales were 37% higher than the prior-year quarter's $22.5 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 $0.29. The three earnings estimates compiled by S&P Capital IQ predicted $0.31 per share. GAAP EPS of $0.29 for Q1 were 61% higher than the prior-year quarter's $0.18 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 43.5%, 410 basis points worse than the prior-year quarter. Operating margin was 17.2%, 360 basis points better than the prior-year quarter. Net margin was 14.8%, 250 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $33.0 million. On the bottom line, the average EPS estimate is $0.33.

Next year's average estimate for revenue is $133.2 million. The average EPS estimate is $1.38.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Compressco Partners is hold, with an average price target of $20.33.

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