The 10-second takeaway
For the quarter ended June 30 (Q2), Total missed estimates on revenue and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Total tallied revenue of $56.51 billion. The two analysts polled by S&P Capital IQ wanted to see revenue of $60.70 billion on the same basis. GAAP reported sales were 3.8% lower than the prior-year quarter's $58.75 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 $0.89. The two earnings estimates compiled by S&P Capital IQ averaged $1.62 per share. GAAP EPS of $0.89 for Q2 were 49% lower than the prior-year quarter's $1.76 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 27.6%, 230 basis points worse than the prior-year quarter. Operating margin was 8.3%, 510 basis points worse than the prior-year quarter. Net margin was 3.6%, 310 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $55.89 billion. On the bottom line, the average EPS estimate is $1.55.
Next year's average estimate for revenue is $251.72 billion. The average EPS estimate is $7.03.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,427 members out of 1,454 rating the stock outperform, and 27 members rating it underperform. Among 358 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 352 give Total a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Total is outperform, with an average price target of $57.13.
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