Imperial Oil Crushes Earnings Estimates

Imperial Oil (AMEX: IMO) reported earnings on Feb. 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Imperial Oil met expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share grew.


Gross margins contracted, operating margins grew, net margins grew.

Revenue details
Imperial Oil recorded revenue of $7.83 billion. The four analysts polled by S&P Capital IQ anticipated revenue of $7.83 billion on the same basis. GAAP reported sales were 4.6% higher than the prior-year quarter's $7.48 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.26. The 10 earnings estimates compiled by S&P Capital IQ predicted $1.00 per share. GAAP EPS of $1.26 for Q4 were 8.6% higher than the prior-year quarter's $1.16 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 18.1%, 350 basis points worse than the prior-year quarter. Operating margin was 18.1%, 380 basis points better than the prior-year quarter. Net margin was 13.8%, 60 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $7.72 billion. On the bottom line, the average EPS estimate is $0.78.

Next year's average estimate for revenue is $30.92 billion. The average EPS estimate is $3.90.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 344 members out of 360 rating the stock outperform, and 16 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 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 $50.55.

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The article Imperial Oil Crushes Earnings Estimates 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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. 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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