EOG Resources Beats Up on Analysts Yet Again
EOG Resources (NYS: EOG) reported earnings on Feb. 16. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), EOG Resources beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly, and GAAP earnings per share increased significantly.
Margins improved across the board.
EOG Resources reported revenue of $2.77 billion. The five analysts polled by S&P Capital IQ wanted to see revenue of $2.51 billion on the same basis. GAAP reported sales were 62% higher than the prior-year quarter's $1.68 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 $1.15. The 24 earnings estimates compiled by S&P Capital IQ averaged $0.87 per share on the same basis. GAAP EPS of $0.45 for Q4 were 114% higher than the prior-year quarter's $0.21 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 85%, 2,080 basis points better than the prior-year quarter. Operating margin was 27.6%, 2,620 basis points better than the prior-year quarter. Net margin was 4.4%, 120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.36 billion. On the bottom line, the average EPS estimate is $1.03.
Next year's average estimate for revenue is $10.21 billion. The average EPS estimate is $4.88.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 834 members rating the stock outperform and 36 members rating it underperform. Among 252 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 239 give EOG Resources a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EOG Resources is outperform, with an average price target of $117.21.
Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add EOG Resources 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.