The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Suncor Energy missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share improved.
Gross margins grew, operating margins expanded, net margins contracted.
Suncor Energy recorded revenue of $9.97 billion. The six analysts polled by S&P Capital IQ predicted a top line of $10.99 billion. Sales were 4.1% higher than the prior-year quarter's $9.84 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.90. The eight earnings estimates compiled by S&P Capital IQ predicted $0.90 per share. GAAP EPS of $0.90 for Q4 were 3.4% higher than the prior-year quarter's $0.87 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 52.8%, 320 basis points better than the prior-year quarter. Operating margin was 19.5%, 110 basis points better than the prior-year quarter. Net margin was 14.2%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $10.82 billion. On the bottom line, the average EPS estimate is $0.86.
Next year's average estimate for revenue is $43.31 billion. The average EPS estimate is $3.37.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,613 members out of 1,676 rating the stock outperform, and 63 members rating it underperform. Among 417 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 405 give Suncor Energy a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Suncor Energy is outperform, with an average price target of $42.41.
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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. 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.