Teekay (NYSE: TK ) is expected to report Q2 earnings on Thursday. 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's revenues will expand 3.1% and EPS will remain in the red.
The average estimate for revenue is $446.3 million. On the bottom line, the average EPS estimate is -$0.41.
Last quarter, Teekay notched revenue of $495.6 million. GAAP reported sales were 1.5% higher than the prior-year quarter's $488.0 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 were $0.02 for Q1 against -$0.41 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 preceding quarter, gross margin was 49.6%, 490 basis points better than the prior-year quarter. Operating margin was 15.7%, 460 basis points better than the prior-year quarter. Net margin was 0.2%, 630 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.88 billion. The average EPS estimate is -$0.73.
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 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 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 $34.33.
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