Seaspan (NYSE: SSW) is expected to report Q3 earnings on Oct. 30. 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 Seaspan's revenues will expand 9.3% and EPS will grow 10.3%.
The average estimate for revenue is $169.2 million. On the bottom line, the average EPS estimate is $0.32.
Revenue details
Last quarter, Seaspan tallied revenue of $166.3 million. GAAP reported sales were 24% higher than the prior-year quarter's $133.7 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 $0.35. GAAP EPS were -$0.38 for Q2 compared to -$0.72 per share for the prior-year quarter.
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 81.1%, 560 basis points better than the prior-year quarter. Operating margin was 52.1%, 500 basis points better than the prior-year quarter. Net margin was -4.1%, 2,200 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $657.2 million. The average EPS estimate is $1.28.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 820 members out of 856 rating the stock outperform, and 36 members rating it underperform. Among 205 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 194 give Seaspan a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Seaspan is hold, with an average price target of $17.64.
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