Teekay LNG Partners Beats Up on Analysts Yet Again

Seth Jayson, The Motley Fool
Updated

Teekay LNG Partners (NYS: TGP) reported earnings on Nov. 8. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q3), Teekay LNG Partners met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share expanded significantly.


Gross margins grew, operating margins shrank, net margins grew.

Revenue details
 Teekay LNG Partners booked revenue of $98.7 million. The four analysts polled by S&P Capital IQ foresaw sales of $98.3 million on the same basis. GAAP reported sales were 1.5% higher than the prior-year quarter's $97.3 million.

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 $0.63. The five earnings estimates compiled by S&P Capital IQ averaged $0.56 per share. GAAP EPS of $0.50 for Q3 were 19% higher than the prior-year quarter's $0.42 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 76.9%, 20 basis points better than the prior-year quarter. Operating margin was 45.6%, 140 basis points worse than the prior-year quarter. Net margin was 33.5%, 510 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $97.6 million. On the bottom line, the average EPS estimate is $0.58.

Next 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 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 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 $42.60.

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The article Teekay LNG Partners Beats Up on Analysts Yet Again 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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