Imperial Oil Beats on Revenue, Matches Expectations on EPS
Imperial Oil (AMEX: IMO) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Imperial Oil beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share shrank significantly.
Margins dropped across the board.
Imperial Oil notched revenue of $7.88 billion. The three analysts polled by S&P Capital IQ expected sales of $7.69 billion on the same basis. GAAP reported sales were 9.5% higher than the prior-year quarter's $7.19 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.92. The nine earnings estimates compiled by S&P Capital IQ averaged $0.93 per share. GAAP EPS of $0.92 for Q1 were 23% lower than the prior-year quarter's $1.19 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 13.4%, much worse than the prior-year quarter. Operating margin was 13.4%, 490 basis points worse than the prior-year quarter. Net margin was 10.0%, 410 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $7.43 billion. On the bottom line, the average EPS estimate is $0.95.
Next year's average estimate for revenue is $30.90 billion. The average EPS estimate is $4.21.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 347 members out of 365 rating the stock outperform, and 18 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give Imperial Oil a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Imperial Oil is hold, with an average price target of $51.76.
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The article Imperial Oil Beats on Revenue, Matches Expectations on EPS originally appeared on Fool.com.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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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