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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Teekay has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
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)