Sunoco Goes Red
Sunoco (NYS: SUN) reported earnings on Feb. 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Sunoco 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 dropped to a loss. The non-GAAP profit was a surprise, as analysts had predicted a loss.
Margins shrank across the board.
Sunoco booked revenue of $12.73 billion. The three analysts polled by S&P Capital IQ predicted a top line of $8.31 billion on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $9.61 billion.
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 $0.05. The 12 earnings estimates compiled by S&P Capital IQ predicted -$0.23 per share on the same basis. GAAP EPS were -$3.39 for Q4 versus $0.72 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 2.6%, 300 basis points worse than the prior-year quarter. Operating margin was 0.5%, 200 basis points worse than the prior-year quarter. Net margin was -3.0%, 390 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $7.46 billion. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $30.37 billion. The average EPS estimate is $1.42.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 534 members out of 587 rating the stock outperform, and 53 members rating it underperform. Among 169 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 161 give Sunoco a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sunoco is hold, with an average price target of $43.44.
Is Sunoco 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 Sunoco 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.