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.
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