Charting Teekay's Latest Earnings Release
Aug 14th 2012 12:18PM
Updated Aug 14th 2012 12:24PM
Teekay (NYS: TK) reported earnings on Aug. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Teekay met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP loss per share dropped.
Margins expanded across the board.
Teekay reported revenue of $442.7 million. The three analysts polled by S&P Capital IQ predicted revenue of $446.3 million on the same basis. GAAP reported sales were 0.6% lower than the prior-year quarter's $484.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.25. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.41 per share. GAAP EPS were -$0.68 for Q2 compared to -$1.36 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 49.6%, 730 basis points better than the prior-year quarter. Operating margin was 15.2%, 520 basis points better than the prior-year quarter. Net margin was -9.8%, 1,010 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $443.9 million. On the bottom line, the average EPS estimate is -$0.41.
Next year's average estimate for revenue is $1.86 billion. The average EPS estimate is -$0.77.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 196 members out of 214 rating the stock outperform, and 18 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Teekay a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Teekay is outperform, with an average price target of $36.17.
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The article Charting Teekay's Latest Earnings Release 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 of Motley 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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