The 10-second takeaway
For the quarter ended Sep. 30 (Q3), YPF met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share dropped significantly.
Margins shrank across the board.
YPF chalked up revenue of $3.70 billion. The one analyst polled by S&P Capital IQ foresaw sales of $3.73 billion on the same basis. GAAP reported sales were 1.8% higher than the prior-year quarter's $3.64 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 $0.40. The one earnings estimate compiled by S&P Capital IQ predicted $0.57 per share. GAAP EPS of $0.41 for Q3 were 61% lower than the prior-year quarter's $1.06 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 21.7%, 690 basis points worse than the prior-year quarter. Operating margin was 10.3%, 720 basis points worse than the prior-year quarter. Net margin was 4.4%, 710 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.81 billion. On the bottom line, the average EPS estimate is $0.53.
Next year's average estimate for revenue is $14.13 billion. The average EPS estimate is $2.73.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 183 members out of 206 rating the stock outperform, and 23 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give YPF 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 YPF is hold, with an average price target of $16.59.
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 YPF to My Watchlist.