Buckeye Partners (NYS: BPL) is expected to report Q1 earnings on May 3. 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 Buckeye Partners's revenues will expand 2.4% and EPS will expand 35.2%.

The average estimate for revenue is $1.29 billion. On the bottom line, the average EPS estimate is $0.73.


Revenue details
Last quarter, Buckeye Partners logged revenue of $1.15 billion. GAAP reported sales were 12% lower than the prior-year quarter's $1.31 billion.

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

EPS details
Last quarter, non-GAAP EPS came in at $0.96. GAAP EPS of $0.35 for Q4 were 45% lower than the prior-year quarter's $0.64 per share.

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

Recent performance
For the preceding quarter, gross margin was 19.1%, 640 basis points better than the prior-year quarter. Operating margin was 10.8%, 410 basis points better than the prior-year quarter. Net margin was 3.0%, 150 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.73 billion. The average EPS estimate is $3.21.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 246 members out of 264 rating the stock outperform, and 18 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 give Buckeye Partners a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Buckeye Partners is hold, with an average price target of $55.73.

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The article Buckeye Partners's Upcoming Earnings: What You Need To Know 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 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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