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Boardwalk Pipeline Partners, in the Spotlight Soon

By Seth Jayson - Updated Apr 7, 2017 at 12:09PM

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Checking expectations

Boardwalk Pipeline Partners (NYSE: BWP) is expected to report Q3 earnings on Oct. 29. 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 Boardwalk Pipeline Partners's revenues will grow 7.3% and EPS will shrink 0.0%.

The average estimate for revenue is $288.6 million. On the bottom line, the average EPS estimate is $0.27.

Revenue details
Last quarter, Boardwalk Pipeline Partners chalked up revenue of $275.8 million. GAAP reported sales were 5.3% higher than the prior-year quarter's $262.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.37. GAAP EPS of $0.27 for Q2 were 440% higher than the prior-year quarter's $0.05 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 79.2%, 600 basis points better than the prior-year quarter. Operating margin was 40.2%, 960 basis points better than the prior-year quarter. Net margin was 23.6%, 1,780 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.21 billion. The average EPS estimate is $1.33.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 444 members out of 465 rating the stock outperform, and 21 members rating it underperform. Among 163 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 160 give Boardwalk Pipeline Partners a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boardwalk Pipeline Partners is hold, with an average price target of $29.46.

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