The 10-second takeaway
For the quarter ended June 30 (Q2), Total missed estimates on revenue and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Total tallied revenue of $56.51 billion. The two analysts polled by S&P Capital IQ wanted to see revenue of $60.70 billion on the same basis. GAAP reported sales were 3.8% lower than the prior-year quarter's $58.75 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 $0.89. The two earnings estimates compiled by S&P Capital IQ averaged $1.62 per share. GAAP EPS of $0.89 for Q2 were 49% lower than the prior-year quarter's $1.76 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 27.6%, 230 basis points worse than the prior-year quarter. Operating margin was 8.3%, 510 basis points worse than the prior-year quarter. Net margin was 3.6%, 310 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $55.89 billion. On the bottom line, the average EPS estimate is $1.55.
Next year's average estimate for revenue is $251.72 billion. The average EPS estimate is $7.03.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,427 members out of 1,454 rating the stock outperform, and 27 members rating it underperform. Among 358 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 352 give Total a green thumbs-up, and six 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 $57.13.
How did Total treat you during the oil spike in 2008 and the subsequent bust? More importantly, what are you doing to prepare for the next spike that some experts believe may be just around the corner? Prepare yourself with a well-positioned energy stock we profile in "The Only Energy Stock You'll Ever Need." Click here for instant access to this free report.
- Add Total to My Watchlist.
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. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend 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.