Teekay Offshore Partners Earnings Preview: Can This Streak Continue?
Teekay Offshore Partners Lp (NYSE:TOO) will report earnings before markets open on Thursday, May 9th. Teekay Offshore Partners L.P. provides marine transportation and storage services to the offshore oil industry.
Here is your Cheat Sheet to Teekay Offshore Partners Lp Earnings:
Earnings Expectations: Analysts expect earnings of $0.28 per share on revenues of $223.77 million. Currently, the company’s P/E ratio stands at 20.17.
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 profit of $0.41 to a profit $0.32. For the current year, the average estimate is a profit of $1.31, which is worse than the estimate ninety days ago.
Here’s how Teekay Offshore Partners Lp has been performing on an annual basis:
|Revenue ($) in millions||968.91||871.11||840.66||873.50||926.14|
|Diluted EPS ($)||-0.76||1.84||1.40||-1.29||1.40|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||165.68||244.60||251.15||227.96||202.43|
|Diluted EPS ($)||-0.4615||0.70||-0.20||0.15||0.9501|
Teekay Offshore Partners Lp has beat analyst estimates 4 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)