Teekay LNG Partners
The 10-second takeaway
For the quarter ended June 30 (Q2), Teekay LNG Partners missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share increased.
Margins increased across the board.
Teekay LNG Partners reported revenue of $96.4 million. The three analysts polled by S&P Capital IQ anticipated revenue of $100.3 million on the same basis. 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.
EPS came in at $0.62. The four earnings estimates compiled by S&P Capital IQ anticipated $0.51 per share. GAAP EPS were $0.58 for Q2 against -$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 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.
Next quarter's average estimate for revenue is $101.6 million. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $406.0 million. The average EPS estimate is $2.11.
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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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.