Gulf Island Fabrication (Nasdaq: GIFI) reported earnings on July 26. Here are the numbers you need to know.

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

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

Margins dropped across the board.

Revenue details
 Gulf Island Fabrication notched revenue of $154.6 million. The four analysts polled by S&P Capital IQ foresaw revenue of $127.4 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $137.2 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 $0.30. The five earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. GAAP EPS of $0.30 for Q2 were 42% lower than the prior-year quarter's $0.52 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 6.3%, 380 basis points worse than the prior-year quarter. Operating margin was 4.4%, 390 basis points worse than the prior-year quarter. Net margin was 2.8%, 270 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $114.3 million. On the bottom line, the average EPS estimate is $0.24.

Next year's average estimate for revenue is $518.9 million. The average EPS estimate is $0.88.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 357 members out of 374 rating the stock outperform, and 17 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 give Gulf Island Fabrication a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gulf Island Fabrication is hold, with an average price target of $23.33.

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