RPC (NYSE: RES) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), RPC beat expectations on revenues and met expectations on earnings per share.

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

Margins contracted across the board.

Revenue details
 RPC chalked up revenue of $457.6 million. The seven analysts polled by S&P Capital IQ anticipated a top line of $437.5 million on the same basis. GAAP reported sales were 8.5% lower than the prior-year quarter's $500.1 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 $0.19. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.19 per share. GAAP EPS of $0.19 for Q2 were 42% lower than the prior-year quarter's $0.33 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 37.2%, 660 basis points worse than the prior-year quarter. Operating margin was 15.2%, 910 basis points worse than the prior-year quarter. Net margin was 8.8%, 560 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $453.9 million. On the bottom line, the average EPS estimate is $0.21.

Next year's average estimate for revenue is $1.77 billion. The average EPS estimate is $0.78.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 463 members out of 488 rating the stock outperform, and 25 members rating it underperform. Among 134 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 128 give RPC 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 RPC is hold, with an average price target of $13.63.

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