Teekay LNG Partners
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Teekay LNG Partners met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share expanded significantly.
Gross margins grew, operating margins shrank, net margins grew.
Teekay LNG Partners booked revenue of $98.7 million. The four analysts polled by S&P Capital IQ foresaw sales of $98.3 million on the same basis. GAAP reported sales were 1.5% higher than the prior-year quarter's $97.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.63. The five earnings estimates compiled by S&P Capital IQ averaged $0.56 per share. GAAP EPS of $0.50 for Q3 were 19% higher than the prior-year quarter's $0.42 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 76.9%, 20 basis points better than the prior-year quarter. Operating margin was 45.6%, 140 basis points worse than the prior-year quarter. Net margin was 33.5%, 510 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $97.6 million. On the bottom line, the average EPS estimate is $0.58.
Next 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 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 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 $42.60.
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