Pioneer Natural Resources
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Pioneer Natural Resources beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased.
Margins increased across the board.
Pioneer Natural Resources booked revenue of $818.7 million. The 15 analysts polled by S&P Capital IQ expected net sales of $779.9 million on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $619.1 million.
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 $0.83. The 31 earnings estimates compiled by S&P Capital IQ averaged $0.88 per share. GAAP EPS were $0.22 for Q4 compared to -$0.92 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 72.9%, 70 basis points better than the prior-year quarter. Operating margin was 12.5%, 3,950 basis points better than the prior-year quarter. Net margin was 3.5%, 2,150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $844.5 million. On the bottom line, the average EPS estimate is $1.09.
Next year's average estimate for revenue is $3.75 billion. The average EPS estimate is $5.24.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 287 members out of 312 rating the stock outperform, and 25 members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 74 give Pioneer Natural Resources a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pioneer Natural Resources is outperform, with an average price target of $123.70.
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