Noble Energy Goes Red
Noble Energy (NYS: NBL) reported earnings on Feb. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Noble Energy beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share shrank to a loss.
Gross margins increased, operating margins grew, and net margins shrank.
Noble Energy notched revenue of $985.0 million. The 10 analysts polled by S&P Capital IQ wanted to see revenue of $955.2 million on the same basis. GAAP reported sales were 30% higher than the prior-year quarter's $868.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $1.18. The 18 earnings estimates compiled by S&P Capital IQ anticipated $1.15 per share on the same basis. GAAP EPS were -$1.59 for Q4 compared to $0.28 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 85.1%, 120 basis points better than the prior-year quarter. Operating margin was 37.3%, 1,880 basis points better than the prior-year quarter. Net margin was -3.0%, 4,420 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.06 billion. On the bottom line, the average EPS estimate is $1.48.
Next year's average estimate for revenue is $4.54 billion. The average EPS estimate is $6.53.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 385 members out of 399 rating the stock outperform, and 14 members rating it underperform. Among 121 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 116 give Noble Energy a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Noble Energy is outperform, with an average price target of $115.53.
Is Noble Energy 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.
- Add Noble Energy to My Watchlist.
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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.