The 10-second takeaway
For the quarter ended March 31 (Q1), Imperial Oil met expectations on revenues and beat expectations on earnings per share.
Compared with the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins improved, net margins expanded.
Imperial Oil reported revenue of $7.55 billion. The four analysts polled by S&P Capital IQ hoped for a top line of $7.61 billion on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $6.73 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 $1.19. The one earnings estimate compiled by S&P Capital IQ forecast $1.00 per share. GAAP EPS of $1.19 for Q1 were 27% higher than the prior-year quarter's $0.94 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 17.9%, 620 basis points worse than the prior-year quarter. Operating margin was 17.9%, 210 basis points better than the prior-year quarter. Net margin was 13.5%, 160 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $7.56 billion. On the bottom line, the average EPS estimate is $1.05.
Next year's average estimate for revenue is $32.59 billion. The average EPS estimate is $4.01.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 342 members out of 359 rating the stock outperform, and 17 members rating it underperform. Among 96 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give Imperial Oil a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Imperial Oil is hold, with an average price target of $51.89.
- Add Imperial Oil to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the 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 don't 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.