Buckeye Partners (NYSE: BPL ) is expected to report Q2 earnings on Aug. 3. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Buckeye Partners's revenues will improve 8.6% and EPS will improve 6.3%.
The average estimate for revenue is $1.17 billion. On the bottom line, the average EPS estimate is $0.67.
Last quarter, Buckeye Partners tallied revenue of $1.26 billion. GAAP reported sales were 0.6% higher than the prior-year quarter's $1.25 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.54. GAAP EPS of $0.54 for Q1 were 32% lower than the prior-year quarter's $0.79 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 10.4%, 30 basis points worse than the prior-year quarter. Operating margin was 6.4%, 100 basis points worse than the prior-year quarter. Net margin was 4.1%, 120 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $4.76 billion. The average EPS estimate is $2.83.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 231 members out of 247 rating the stock outperform, and 16 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 82 give Buckeye Partners a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Buckeye Partners is hold, with an average price target of $68.22.
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