Murphy Oil Misses on Revenues but Beats on EPS
Murphy Oil (NYS: MUR) reported earnings May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Murphy Oil missed estimates on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share improved.
Margins expanded across the board.
Murphy Oil booked revenue of $6.99 billion. The three analysts polled by S&P Capital IQ looked for sales of $7.24 billion on the same basis. GAAP reported sales were 4.8% lower than the prior-year quarter's $7.35 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 $1.49. The 10 earnings estimates compiled by S&P Capital IQ forecast $1.46 per share. GAAP EPS of $1.49 for Q1 were 8.0% higher than the prior-year quarter's $1.38 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 14.1%, 170 basis points better than the prior-year quarter. Operating margin was 7.1%, 90 basis points better than the prior-year quarter. Net margin was 4.1%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $7.85 billion. On the bottom line, the average EPS estimate is $1.34.
Next year's average estimate for revenue is $28.19 billion. The average EPS estimate is $5.51.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 499 members out of 514 rating the stock outperform, and 15 members rating it underperform. Among 119 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 115 give Murphy 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 Murphy Oil is outperform, with an average price target of $67.57.
How did Murphy Oil treat you during the oil spike in 2008 and the subsequent bust? More importantly, what are you doing to prepare for the next spike that some experts believe another spike may be just around the corner? Prepare yourself with a well-positioned energy stock we profile in "The Only Energy Stock You'll Ever Need." Click here for instant access to this free report.
- Add Murphy Oil 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.