Teekay LNG Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Teekay LNG Partners met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share grew significantly. GAAP earnings per share contracted significantly.
Margins shrank across the board.
Revenue details
Teekay LNG Partners tallied revenue of $98.0 million. The four analysts polled by S&P Capital IQ foresaw sales of $98.2 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.55. The seven earnings estimates compiled by S&P Capital IQ forecast $0.57 per share. Non-GAAP EPS of $0.55 for Q4 were 17% higher than the prior-year quarter's $0.47 per share. GAAP EPS of $0.41 for Q4 were 31% lower than the prior-year quarter's $0.59 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 75.5%, 140 basis points worse than the prior-year quarter. Operating margin was 41.5%, 470 basis points worse than the prior-year quarter. Net margin was 28.8%, much worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $97.7 million. On the bottom line, the average EPS estimate is $0.55.
Next year's average estimate for revenue is $403.0 million. The average EPS estimate is $2.18.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 230 members out of 238 rating the stock outperform, and eight members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Teekay LNG 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 Teekay LNG Partners is hold, with an average price target of $41.00.
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