The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Anadarko Petroleum met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew.
Margins expanded across the board.
Anadarko Petroleum booked revenue of $3.33 billion. The 16 analysts polled by S&P Capital IQ predicted a top line of $3.38 billion on the same basis. GAAP reported sales were 1.5% lower than the prior-year quarter's $3.38 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 $0.84. The 28 earnings estimates compiled by S&P Capital IQ anticipated $0.76 per share. GAAP EPS were $0.24 for Q3 versus -$6.13 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%, 30 basis points better than the prior-year quarter. Operating margin was 24.8%, 20 basis points better than the prior-year quarter. Net margin was 3.6%, 9,380 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.60 billion. On the bottom line, the average EPS estimate is $0.90.
Next year's average estimate for revenue is $13.65 billion. The average EPS estimate is $3.49.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,444 members out of 1,493 rating the stock outperform, and 49 members rating it underperform. Among 307 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 300 give Anadarko Petroleum a green thumbs-up, and seven 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 $97.30.
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