TransCanada (TSX: TRP) is expected to report Q2 earnings on July 26. 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 TransCanada's revenues will increase 14.0% and EPS will expand 11.6%.
The average estimate for revenue is $2.02 billion. On the bottom line, the average EPS estimate is $0.48.
Last quarter, TransCanada tallied revenue of $2.21 billion. GAAP reported sales were 14% higher than the prior-year quarter's $1.95 billion.
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 $0.51. GAAP EPS of $0.62 for Q1 were 24% higher than the prior-year quarter's $0.50 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 54.8%, 380 basis points worse than the prior-year quarter. Operating margin was 34.3%, 70 basis points worse than the prior-year quarter. Net margin was 20.5%, 170 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $8.96 billion. The average EPS estimate is $2.18.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 401 members out of 412 rating the stock outperform, and 11 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give TransCanada 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 TransCanada is outperform, with an average price target of $50.42.
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