Teekay Earnings: What Investors Should Watch
Teekay (NYSE:TK) will report earnings before markets open on Thursday, May 9th. Teekay Corporation provides international crude oil and petroleum product transportation services to major oil companies, major oil traders, and government agencies. The Company provides its services through a fleet of medium size oil tankers worldwide.
Here is your Cheat Sheet to Teekay Earnings:
Earnings Expectations: Analysts expect earnings of $-0.18 per share on revenues of $427.71 million.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.11 to a loss $0.12. For the current year, the average estimate is a loss of $0.08, which is worse than the estimate ninety days ago.
Here’s how Teekay has been performing on an annual basis:
|Revenue ($) in millions||3,229||2,172||2,096||1,954||1,956|
|Diluted EPS ($)||-6.48||1.76||-3.67||-5.11||-2.31|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||512.73||495.56||481.91||463.54||515.22|
|Diluted EPS ($)||0.8536||0.02||-0.68||-0.29||-1.347|
Teekay has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)