The 10-second takeaway
For the quarter ended June 30 (Q2), Anadarko Petroleum missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share shrank to a loss.
Margins shrank across the board.
Anadarko Petroleum reported revenue of $3.22 billion. The 15 analysts polled by S&P Capital IQ hoped for a top line of $3.31 billion on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $3.73 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 $0.85. The 28 earnings estimates compiled by S&P Capital IQ forecast $0.77 per share. GAAP EPS were -$0.76 for Q2 against $1.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 79.8%, 280 basis points worse than the prior-year quarter. Operating margin was -8.6%, 4,650 basis points worse than the prior-year quarter. Net margin was -11.8%, 2,640 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.42 billion. On the bottom line, the average EPS estimate is $0.77.
Next year's average estimate for revenue is $13.81 billion. The average EPS estimate is $3.45.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,446 members out of 1,495 rating the stock outperform, and 49 members rating it underperform. Among 306 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 297 give Anadarko Petroleum a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Anadarko Petroleum is outperform, with an average price target of $100.26.
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