Flotek Industries (NYSE: FTK) reported earnings on May 9. Here are the numbers you need to know.

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

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

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

Revenue details
 Flotek Industries recorded revenue of $78.2 million. The three analysts polled by S&P Capital IQ expected to see revenue of $78.4 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 $0.15. The five earnings estimates compiled by S&P Capital IQ anticipated $0.17 per share. GAAP EPS of $0.15 for Q1 were 114% higher than the prior-year quarter's $0.07 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 41.7%, 50 basis points worse than the prior-year quarter. Operating margin was 16.0%, 510 basis points worse than the prior-year quarter. Net margin was 9.9%, 530 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $82.2 million. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $338.8 million. The average EPS estimate is $0.89.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 749 members out of 782 rating the stock outperform, and 33 members rating it underperform. Among 131 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 121 give Flotek Industries a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flotek Industries is buy, with an average price target of $19.13.

Looking for alternatives to Flotek Industries? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.