Teekay Offshore Partners (NYSE: TOO ) is expected to report Q2 earnings on Aug. 9. 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' revenues will drop -6.3% and EPS will contract -42.9%.
The average estimate for revenue is $219.4 million. On the bottom line, the average EPS estimate is $0.24.
Last quarter, Teekay Offshore Partners logged revenue of $244.6 million. GAAP reported sales were 4.6% higher than the prior-year quarter's $233.8 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 $0.37. GAAP EPS of $0.70 for Q1 were 89% higher than the prior-year quarter's $0.37 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 50.5%, 220 basis points better than the prior-year quarter. Operating margin was 22.0%, 120 basis points better than the prior-year quarter. Net margin was 21.5%, 1,150 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $893.2 million. The average EPS estimate is $1.35.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 105 members out of 116 rating the stock outperform, and 11 members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 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 $30.80.
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