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.
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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. The Motley Fool owns 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.