Can Breitburn Energy Partners Beat These Numbers? (BBEP)

Can Breitburn Energy Partners Beat These Numbers?

Breitburn Energy Partners (Nasdaq: BBEP ) is expected to report Q3 earnings on Nov. 6. 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 Breitburn Energy Partners's revenues will grow 31.0% and EPS will expand 100.0%.

The average estimate for revenue is $127.5 million. On the bottom line, the average EPS estimate is $0.24.

Revenue details
Last quarter, Breitburn Energy Partners booked revenue of $95.0 million. GAAP reported sales were 0.0% higher than the prior-year quarter's $95.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.16. GAAP EPS of $1.29 for Q2 were 40% higher than the prior-year quarter's $0.92 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 49.0%, 1,320 basis points worse than the prior-year quarter. Operating margin was 112.5%, 4,000 basis points better than the prior-year quarter. Net margin was 96.5%, 3,660 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $499.6 million. The average EPS estimate is $0.74.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 499 members out of 513 rating the stock outperform, and 14 members rating it underperform. Among 173 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 169 give Breitburn Energy Partners 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 Breitburn Energy Partners is outperform, with an average price target of $21.82.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy

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