The 10-second takeaway
For the quarter ended Dec. 31 (Q4), EOG Resources met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share shrank to a loss.
Gross margins grew, operating margins expanded, net margins shrank.
EOG Resources reported revenue of $3.01 billion. The eight analysts polled by S&P Capital IQ expected revenue of $3.03 billion on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $2.58 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 $1.61. The 30 earnings estimates compiled by S&P Capital IQ predicted $1.37 per share. GAAP EPS were -$1.88 for Q4 versus $0.45 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 85.7%, 2,660 basis points better than the prior-year quarter. Operating margin was 21.3%, 1,150 basis points better than the prior-year quarter. Net margin was -16.8%, 2,150 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.09 billion. On the bottom line, the average EPS estimate is $1.30.
Next year's average estimate for revenue is $13.16 billion. The average EPS estimate is $6.36.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 844 members out of 876 rating the stock outperform, and 32 members rating it underperform. Among 228 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 219 give EOG Resources a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EOG Resources is outperform, with an average price target of $135.64.
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