The 10-second takeaway
For the quarter ended March 31 (Q1), Total missed slightly on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share contracted.
Margins shrank across the board.
Total recorded revenue of $62.35 billion. The two analysts polled by S&P Capital IQ wanted to see a top line of $63.48 billion on the same basis. GAAP reported sales were 5.7% higher than the prior-year quarter's $59.00 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 $1.78. The two earnings estimates compiled by S&P Capital IQ averaged $2.17 per share. GAAP EPS of $2.16 for Q1 were 13% lower than the prior-year quarter's $2.48 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 31.5%, 300 basis points worse than the prior-year quarter. Operating margin was 16.3%, 220 basis points worse than the prior-year quarter. Net margin was 7.8%, 170 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $60.87 billion. On the bottom line, the average EPS estimate is $1.83.
Next year's average estimate for revenue is $245.55 billion. The average EPS estimate is $7.64.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,356 members out of 1,379 rating the stock outperform, and 23 members rating it underperform. Among 344 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 339 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 $65.31.
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