Seaspan (NYSE: SSW ) is expected to report Q2 earnings on Aug. 1. 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 Seaspan's revenues will grow 25.0% and EPS will expand 29.2%.
The average estimate for revenue is $167.1 million. On the bottom line, the average EPS estimate is $0.31.
Last quarter, Seaspan reported revenue of $152.1 million. GAAP reported sales were 26% higher than the prior-year quarter's $121.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.30. GAAP EPS of $0.51 for Q1 were 3.8% lower than the prior-year quarter's $0.53 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 77.3%, 300 basis points better than the prior-year quarter. Operating margin was 49.2%, 190 basis points better than the prior-year quarter. Net margin was 33.7%, 810 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $658.5 million. The average EPS estimate is $1.23.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 811 members out of 846 rating the stock outperform, and 35 members rating it underperform. Among 191 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 179 give Seaspan a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Seaspan is hold, with an average price target of $18.29.
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