The 10-second takeaway
For the quarter ended March 31 (Q1), ExxonMobil met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share dropped.
Gross margins dropped, operating margins increased, net margins dropped.
ExxonMobil booked revenue of $124.05 billion. The three analysts polled by S&P Capital IQ expected to see sales of $125.20 billion on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $101.34 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 $2.00. The 15 earnings estimates compiled by S&P Capital IQ averaged $2.10 per share. GAAP EPS of $2.00 for Q1 were 6.5% lower than the prior-year quarter's $2.14 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 25.3%, 560 basis points worse than the prior-year quarter. Operating margin was 15.2%, 120 basis points better than the prior-year quarter. Net margin was 8.2%, 230 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $127.85 billion. On the bottom line, the average EPS estimate is $2.09.
Next year's average estimate for revenue is $526.57 billion. The average EPS estimate is $8.28.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 7,797 members out of 8,274 rating the stock outperform, and 478 members rating it underperform. Among 1,709 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,639 give ExxonMobil a green thumbs-up, and 70 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ExxonMobil is outperform, with an average price target of $94.79.
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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 ExxonMobil. 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.