The 10-second takeaway
For the quarter ended Dec. 31 (Q4), BP whiffed on revenues and earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded significantly.
Margins grew across the board.
BP chalked up revenue of $96.34 billion. The two analysts polled by S&P Capital IQ expected revenue of $108.02 billion. Sales were 19% higher than the prior-year quarter's $79.70 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.40. The nine earnings estimates compiled by S&P Capital IQ averaged $1.60 per share. GAAP EPS of $0.40 for Q4 were 38% higher than the prior-year quarter's $0.29 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 18.4%, 250 basis points better than the prior-year quarter. Operating margin was 10.9%, 340 basis points better than the prior-year quarter. Net margin was 8.1%, 120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $87.81 billion. On the bottom line, the average EPS estimate is $1.73.
Next year's average estimate for revenue is $362.34 billion. The average EPS estimate is $6.73.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,895 members out of 5,231 rating the stock outperform, and 336 members rating it underperform. Among 1,208 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,160 give BP a green thumbs-up, and 48 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 $52.01.
How did BP treat you during the oil spike in 2008 and the subsequent bust? More important, what are you doing to prepare for the next spike that some experts believe 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 BP to My Watchlist.
Seth Jayson owned shares of the following at the time of publication: BP. 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. 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.