Imperial Oil Beats on Both Top and Bottom Lines
Imperial Oil (AMEX: IMO) reported earnings on Nov. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Imperial Oil beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Gross margins contracted, operating margins expanded, net margins increased.
Imperial Oil reported revenue of $8.46 billion. The four analysts polled by S&P Capital IQ predicted a top line of $7.52 billion on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $7.29 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 $1.24. The nine earnings estimates compiled by S&P Capital IQ forecast $1.11 per share. GAAP EPS of $1.24 for Q3 were 28% higher than the prior-year quarter's $0.97 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 16.6%, 400 basis points worse than the prior-year quarter. Operating margin was 16.6%, 200 basis points better than the prior-year quarter. Net margin was 12.5%, 120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $7.63 billion. On the bottom line, the average EPS estimate is $0.93.
Next year's average estimate for revenue is $30.35 billion. The average EPS estimate is $3.85.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 341 members out of 357 rating the stock outperform, and 16 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 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 $50.14.
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The article Imperial Oil Beats on Both Top and Bottom Lines 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. 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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