The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Total missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly, and GAAP earnings per share increased.
Margins dropped across the board.
Total chalked up revenue of $55.81 billion. The two analysts polled by S&P Capital IQ foresaw a top line of $59.56 billion on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $47.95 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 $1.62. The two earnings estimates compiled by S&P Capital IQ predicted $1.64 per share on the same basis. GAAP EPS of $1.31 for Q4 were 8.3% higher than the prior-year quarter's $1.21 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 31.9%, 170 basis points worse than the prior-year quarter. Operating margin was 13.3%, 190 basis points worse than the prior-year quarter. Net margin was 5.3%, 40 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $57.39 billion. On the bottom line, the average EPS estimate is $1.72.
Next year's average estimate for revenue is $232.73 billion. The average EPS estimate is $7.47.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,323 members rating the stock outperform and 21 members rating it underperform. Among 399 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 394 give Total a green thumbs-up, and five 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 $65.69.
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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. Motley Fool newsletter services have recommended buying shares of Total. 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.