ConocoPhillips Beats Up on Analysts Yet Again

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ConocoPhillips (NYS: COP) reported earnings on Jan. 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ConocoPhillips crushed expectations on revenues and beat expectations on earnings per share.

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

Margins expanded across the board.

Revenue details
ConocoPhillips recorded revenue of $62.39 billion. The two analysts polled by S&P Capital IQ foresaw revenue of $46.91 billion. Sales were 32% higher than the prior-year quarter's $53.22 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at $2.02. The 15 earnings estimates compiled by S&P Capital IQ predicted $1.79 per share on the same basis. GAAP EPS of $2.56 for Q4 were 83% higher than the prior-year quarter's $1.40 per share.

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Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 22.2%, 150 basis points better than the prior-year quarter. Operating margin was 10.3%, 540 basis points better than the prior-year quarter. Net margin was 5.4%, 110 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $47.69 billion. On the bottom line, the average EPS estimate is $1.93.

Next year's average estimate for revenue is $212.88 billion. The average EPS estimate is $8.49.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ConocoPhillips is hold, with an average price target of $79.61.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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