Statoil ASA Beats Estimates on Top and Bottom Lines

Seth Jayson, The Motley Fool
Updated

Statoil ASA (NYS: STO) reported earnings on Feb. 8. Here are the numbers you need to know.

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

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

Margins expanded across the board.

Revenue details
Statoil ASA logged revenue of $30.64 billion. The eight analysts polled by S&P Capital IQ foresaw sales of $28.56 billion. GAAP sales were 25% higher than the prior-year quarter's $24.58 billion.

anImage
anImage

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.79. The two earnings estimates compiled by S&P Capital IQ predicted $0.74 per share on the same basis. GAAP EPS of $1.34 for Q4 were 163% higher than the prior-year quarter's $0.51 per share.

anImage
anImage

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 45.1%, 210 basis points better than the prior-year quarter. Operating margin was 33.2%, 540 basis points better than the prior-year quarter. Net margin was 14.0%, 730 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $29.53 billion. On the bottom line, the average EPS estimate is $0.72.

Next year's average estimate for revenue is $115.36 billion. The average EPS estimate is $2.93.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,101 members out of 1,126 rating the stock outperform, and 25 members rating it underperform. Among 316 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 314 give Statoil ASA 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 Statoil ASA is hold, with an average price target of $26.55.

Is Statoil ASA the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.

At the time thisarticle 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. Motley Fool newsletter services have recommended buying shares of Statoil A. 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.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement