Will These Numbers from Spectra Energy Partners Be Good Enough for You?

Seth Jayson, The Motley Fool
Updated

Spectra Energy Partners (NYS: SEP) is expected to report Q2 earnings on Aug. 6. 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 Spectra Energy Partners's revenues will decrease -0.6% and EPS will wither -11.9%.

The average estimate for revenue is $58.3 million. On the bottom line, the average EPS estimate is $0.37.


Revenue details
 Last quarter, Spectra Energy Partners recorded revenue of $60.9 million. GAAP reported sales were 1.6% lower than the prior-year quarter's $61.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 Last quarter, EPS came in at $0.45. GAAP EPS of $0.45 for Q1 were 6.2% lower than the prior-year quarter's $0.48 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Recent performance
 For the preceding quarter, gross margin was 75.7%, 120 basis points better than the prior-year quarter. Operating margin was 54.4%, 90 basis points better than the prior-year quarter. Net margin was 91.8%, 710 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $256.8 million. The average EPS estimate is $1.55.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spectra Energy Partners is hold, with an average price target of $36.42.

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The article Will These Numbers from Spectra Energy Partners Be Good Enough for You? 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 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.

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