Teekay LNG Partners (NYSE: TGP ) is expected to report Q3 earnings on Nov. 8. 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 LNG Partners's revenues will grow 1.1% and EPS will expand 12.0%.
The average estimate for revenue is $98.3 million. On the bottom line, the average EPS estimate is $0.56.
Last quarter, Teekay LNG Partners logged revenue of $96.4 million. GAAP reported sales were 4.5% higher than the prior-year quarter's $92.2 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 $0.62. GAAP EPS were $0.50 for Q2 compared to -$0.09 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 78.9%, 500 basis points better than the prior-year quarter. Operating margin was 46.5%, 370 basis points better than the prior-year quarter. Net margin was 39.1%, 4,250 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $392.1 million. The average EPS estimate is $2.10.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 226 members out of 233 rating the stock outperform, and seven members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Teekay LNG 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 LNG Partners is outperform, with an average price target of $41.50.
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