Teekay LNG Partners Increases Sales but Misses Revenue Estimate
Teekay LNG Partners (NYS: TGP) reported earnings on May 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Teekay LNG Partners missed estimates on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank.
Gross margin increased, operating margin improved, and net margin shrank.
Teekay LNG Partners notched revenue of $99.2 million. The three analysts polled by S&P Capital IQ expected revenue of $107 million on the same basis. GAAP-reported sales were 6.4% higher than the prior-year quarter's $93.2 million.
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 four earnings estimates compiled by S&P Capital IQ averaged $0.49 per share. GAAP EPS of $0.38 for Q1 were 5% lower than the prior-year quarter's $0.40 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 79%, 170 basis points better than the prior-year quarter. Operating margin was 47%, 50 basis points better than the prior-year quarter. Net margin was 24.9%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $114.6 million. On the bottom line, the average EPS estimate is $0.55.
Next year's average estimate for revenue is $431.4 million. The average EPS estimate is $2.14.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 213 members rating the stock outperform and seven members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Teekay LNG 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 LNG Partners is outperform, with an average price target of $41.70.
Over the decades, small-cap stocks like Teekay LNG Partners have provided market-beating returns, provided they're value-priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: 2 Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
- Add Teekay LNG Partners to My Watchlist.
At the time this article was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.