Imperial Oil (AMEX: IMO) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Imperial Oil beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share shrank significantly.
Margins dropped across the board.
Imperial Oil notched revenue of $7.88 billion. The three analysts polled by S&P Capital IQ expected sales of $7.69 billion on the same basis. GAAP reported sales were 9.5% higher than the prior-year quarter's $7.19 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 $0.92. The nine earnings estimates compiled by S&P Capital IQ averaged $0.93 per share. GAAP EPS of $0.92 for Q1 were 23% lower than the prior-year quarter's $1.19 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 13.4%, much worse than the prior-year quarter. Operating margin was 13.4%, 490 basis points worse than the prior-year quarter. Net margin was 10.0%, 410 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $7.43 billion. On the bottom line, the average EPS estimate is $0.95.
Next year's average estimate for revenue is $30.90 billion. The average EPS estimate is $4.21.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 347 members out of 365 rating the stock outperform, and 18 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give Imperial Oil a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Imperial Oil is hold, with an average price target of $51.76.
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