Charting Hess' Latest Earnings Release
Hess (NYS: HES) reported earnings on Jan. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Hess beat expectations on revenue and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly, and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Hess reported revenue of $8.82 billion. The four analysts polled by S&P Capital IQ expected revenue of $8.60 billion. Sales were 1.9% lower than the prior-year quarter's $8.69 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $1.17. The 16 earnings estimates compiled by S&P Capital IQ averaged $1.31 per share on the same basis. GAAP EPS of $-0.39 for Q4 was much lower than the prior-year quarter's $0.18 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 17.0%, 470 basis points worse than the prior-year quarter. Operating margin was -1.2%, 1,270 basis points worse than the prior-year quarter. Net margin was -1.5%, 210 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $9.27 billion. On the bottom line, the average EPS estimate is $1.48.
Next year's average estimate for revenue is $40.29 billion. The average EPS estimate is $6.50.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 919 members out of 952 rating the stock outperform, and 33 members rating it underperform. Among 252 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 243 give Hess a green thumbs-up, and nine give it a red thumbs-down.
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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 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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