The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Exxon Mobil beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped slightly.
Gross margins shrank, operating margins grew, net margins dropped.
Exxon Mobil reported revenue of $115.71 billion. The three analysts polled by S&P Capital IQ foresaw sales of $112.67 billion on the same basis. GAAP reported sales were 3.9% lower than the prior-year quarter's $111.99 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 $2.09. The 17 earnings estimates compiled by S&P Capital IQ anticipated $1.93 per share. GAAP EPS of $2.09 for Q3 were 1.9% lower than the prior-year quarter's $2.13 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 24.6%, 440 basis points worse than the prior-year quarter. Operating margin was 16.1%, 370 basis points better than the prior-year quarter. Net margin was 8.9%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $129.72 billion. On the bottom line, the average EPS estimate is $1.98.
Next year's average estimate for revenue is $479.05 billion. The average EPS estimate is $7.78.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 7,843 members out of 8,329 rating the stock outperform, and 486 members rating it underperform. Among 1,821 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,753 give Exxon Mobil a green thumbs-up, and 68 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Exxon Mobil is outperform, with an average price target of $93.94.
Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add Exxon Mobil to My Watchlist.