Teekay LNG Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Teekay LNG Partners missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share dropped significantly.
Margins contracted across the board.
Teekay LNG Partners booked revenue of $97.3 million. The four analysts polled by S&P Capital IQ expected a top line of $99.9 million on the same basis. GAAP reported sales were 0.3% lower than the prior-year quarter's $97.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.47. The five earnings estimates compiled by S&P Capital IQ averaged $0.45 per share on the same basis. GAAP EPS of $0.64 for Q4 were 52% lower than the prior-year quarter's $1.33 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%, 130 basis points worse than the prior-year quarter. Operating margin was 46.2%, 100 basis points worse than the prior-year quarter. Net margin was 41.5%, 3,680 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $108.0 million. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $430.3 million. The average EPS estimate is $2.10.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 205 members out of 213 rating the stock outperform, and eight members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 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 $38.29.
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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. 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.