Teekay (NYS: TK) Earnings Report: Key Numbers and Analysis
Teekay (NYS: TK) recently reported its earnings for the quarter ended March 31, and the numbers are in. Here’s a quick rundown of what you need to know:
Revenue: Teekay reported revenue of $495.6 million, beating expectations of $476.1 million. This represents a 1.5% increase from the prior-year quarter’s revenue of $488.0 million.
Earnings per share (EPS): Teekay exceeded expectations on EPS, reporting -$0.30 compared to the expected -$0.35 per share. GAAP EPS for the quarter was $0.02, a significant improvement from the prior-year quarter’s -$0.41 per share.
Margins: Margins across the board expanded, with gross margin at 49.6%, operating margin at 15.7%, and net margin at 0.2%. These improvements show a positive trend in the company’s profitability.
Looking ahead: Analysts are forecasting revenue of $462.2 million for the next quarter, with an average EPS estimate of -$0.35. For the next year, revenue is expected to reach $1.91 billion, with an average EPS estimate of -$0.54.
Investor sentiment: Teekay has a four-star rating on Motley Fool CAPS, with the majority of members rating the stock as outperform. Wall Street recommendations also lean towards outperform, with an average price target of $34.33.
Overall, Teekay’s strong earnings report and positive outlook for the future indicate a promising investment opportunity. Small-cap stocks like Teekay have historically provided market-beating returns, especially when they are value-priced and have solid business fundamentals. Keep an eye on Teekay as it continues to navigate the market and deliver value to investors.