The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Buckeye Partners's revenues will decrease -0.3% and EPS will increase 23.4%.
The average estimate for revenue is $1.31 billion. On the bottom line, the average EPS estimate is $0.79.
Last quarter, Buckeye Partners booked revenue of $966.0 million. GAAP reported sales were 14% lower than the prior-year quarter's $1.12 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.87. GAAP EPS were $0.87 for Q3 against -$1.18 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 preceding quarter, gross margin was 17.3%, 490 basis points better than the prior-year quarter. Operating margin was 11.7%, 340 basis points better than the prior-year quarter. Net margin was 8.8%, 1,860 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $4.42 billion. The average EPS estimate is $2.71.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 233 members out of 251 rating the stock outperform, and 18 members rating it underperform. Among 84 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give Buckeye 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 Buckeye Partners is hold, with an average price target of $58.70.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Buckeye Partners. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Buckeye Partners to My Watchlist.
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 position in any of the stocks mentioned. 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.