Teekay (NYSE: TK ) reported earnings on Aug. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Teekay met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP loss per share dropped.
Margins expanded across the board.
Teekay reported revenue of $442.7 million. The three analysts polled by S&P Capital IQ predicted revenue of $446.3 million on the same basis. GAAP reported sales were 0.6% lower than the prior-year quarter's $484.9 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 -$0.25. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.41 per share. GAAP EPS were -$0.68 for Q2 compared to -$1.36 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 49.6%, 730 basis points better than the prior-year quarter. Operating margin was 15.2%, 520 basis points better than the prior-year quarter. Net margin was -9.8%, 1,010 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $443.9 million. On the bottom line, the average EPS estimate is -$0.41.
Next year's average estimate for revenue is $1.86 billion. The average EPS estimate is -$0.77.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 196 members out of 214 rating the stock outperform, and 18 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Teekay 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 Teekay is outperform, with an average price target of $36.17.
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