Teekay Offshore Partners (NYSE: TOO) is expected to report Q4 earnings on Feb. 21. 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 Teekay Offshore Partners's revenues will shrink -9.8% and EPS will compress -17.6%.

The average estimate for revenue is $214.9 million. On the bottom line, the average EPS estimate is $0.28.

Revenue details
Last quarter, Teekay Offshore Partners notched revenue of $228.0 million. GAAP reported sales were 5.0% lower than the prior-year quarter's $239.9 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 $0.33. GAAP EPS were $0.15 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.

Recent performance
For the preceding quarter, gross margin was 51.8%, 240 basis points better than the prior-year quarter. Operating margin was 22.2%, 30 basis points worse than the prior-year quarter. Net margin was 6.0%, 3,730 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $868.2 million. The average EPS estimate is $1.14.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 104 members out of 116 rating the stock outperform, and 12 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give Teekay Offshore 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 Offshore Partners is outperform, with an average price target of $30.45.

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