Kosmos Energy (NYSE: KOS) reported earnings on May 9. Here are the numbers you need to know.

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

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

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

Revenue details
Kosmos Energy booked revenue of $228.4 million. The five analysts polled by S&P Capital IQ predicted a top line of $241.3 million on the same basis. GAAP reported sales were 97% higher than the prior-year quarter's $115.8 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 $0.05. The eight earnings estimates compiled by S&P Capital IQ averaged $0.07 per share. GAAP EPS were $0.05 for Q1 against -$0.10 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 89.3%, 440 basis points worse than the prior-year quarter. Operating margin was 33.2%, much better than the prior-year quarter. Net margin was 8.8%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $234.6 million. On the bottom line, the average EPS estimate is $0.07.

Next year's average estimate for revenue is $1.04 billion. The average EPS estimate is $0.33.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 11 members out of 15 rating the stock outperform, and four members rating it underperform. Among three CAPS All-Star picks (recommendations by the highest-ranked CAPS members), three give Kosmos Energy a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kosmos Energy is outperform, with an average price target of $16.14.

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