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.
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 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.
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.
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.
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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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.