Comment
0
Tweet
0
Print
RSS Feeds

Can Teekay Offshore Partners Beat These Numbers?

Wednesday - 4/10/2013, 2:00am  ET

Teekay Offshore Partners is expected to report Q1 earnings around April 12. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Teekay Offshore Partners's revenues will wane -10.3% and EPS will contract -27.0%.

The average estimate for revenue is $219.3 million. On the bottom line, the average EPS estimate is $0.27.

Revenue details
Last quarter, Teekay Offshore Partners logged revenue of $238.3 million. GAAP reported sales were 1.2% lower than the prior-year quarter's $241.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.36. GAAP EPS were $0.86 for Q4 against -$0.64 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 49.2%, 60 basis points better than the prior-year quarter. Operating margin was 22.0%, 160 basis points better than the prior-year quarter. Net margin was 28.8%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $970.6 million. The average EPS estimate is $1.26.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 106 members out of 118 rating the stock outperform, and 12 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give Teekay Offshore Partners a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Teekay Offshore Partners is outperform, with an average price target of $30.20.

Can your portfolio provide you with enough income to last through retirement? You'll need more than Teekay Offshore Partners. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.

This article was originally published as Can Teekay Offshore Partners Beat These Numbers?on Fool.com

Copyright © 2009 The Motley Fool, LLC. All rights reserved.