BP Beats Expectations But Takes A Step Back Anyway
BP (NYS: BP) reported earnings on Feb. 5. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), BP missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped significantly.
Margins contracted across the board.
BP notched revenue of $92.89 billion. The two analysts polled by S&P Capital IQ expected sales of $94.82 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $1.25. The seven earnings estimates compiled by S&P Capital IQ averaged $1.09 per share. GAAP EPS of $0.08 for Q4 were 81% lower than the prior-year quarter's $0.42 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 5.8%, 1,160 basis points worse than the prior-year quarter. Operating margin was -1.5%, 1,120 basis points worse than the prior-year quarter. Net margin was 1.7%, 690 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $93.09 billion. On the bottom line, the average EPS estimate is $1.21.
Next year's average estimate for revenue is $339.83 billion. The average EPS estimate is $5.27.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,900 members out of 5,224 rating the stock outperform, and 324 members rating it underperform. Among 1,118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,069 give BP a green thumbs-up, and 49 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BP is outperform, with an average price target of $48.68.
Looking for alternatives to BP? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add BP to My Watchlist.
The article BP Beats Expectations But Takes A Step Back Anyway originally appeared on Fool.com.Seth Jayson owned shares of the following at the time of publication: BP. 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. TMFDisclosureHere
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.