Are You Expecting This from Teekay LNG Partners?

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Teekay LNG Partners (NYS: TGP) is expected to report Q3 earnings on Nov. 8. 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 LNG Partners's revenues will grow 1.1% and EPS will expand 12.0%.

The average estimate for revenue is $98.3 million. On the bottom line, the average EPS estimate is $0.56.


Revenue details
Last quarter, Teekay LNG Partners logged revenue of $96.4 million. GAAP reported sales were 4.5% higher than the prior-year quarter's $92.2 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 $0.62. GAAP EPS were $0.50 for Q2 compared to -$0.09 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 78.9%, 500 basis points better than the prior-year quarter. Operating margin was 46.5%, 370 basis points better than the prior-year quarter. Net margin was 39.1%, 4,250 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $392.1 million. The average EPS estimate is $2.10.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 226 members out of 233 rating the stock outperform, and seven members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 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 $41.50.

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The article Are You Expecting This from Teekay LNG Partners? originally appeared on Fool.com.

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. The Motley Fool has no positions in the stocks mentioned above. 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.

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