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Can Teekay Offshore Partners Beat These Numbers?

By Seth Jayson - Updated Apr 10, 2017 at 1:54PM

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Checking expectations

Teekay Offshore Partners (NYSE: TOO) is expected to report Q1 earnings around April 12. 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 wane -10.3% and EPS will contract -27.0%.

The average estimate for revenue is $219.3 million. On the bottom line, the average EPS estimate is $0.27.

Revenue details
Last quarter, Teekay Offshore Partners logged revenue of $238.3 million. GAAP reported sales were 1.2% lower than the prior-year quarter's $241.2 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 $0.36. GAAP EPS were $0.86 for Q4 against -$0.64 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 49.2%, 60 basis points better than the prior-year quarter. Operating margin was 22.0%, 160 basis points better than the prior-year quarter. Net margin was 28.8%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $970.6 million. The average EPS estimate is $1.26.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 106 members out of 118 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 $30.20.

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