$383.35 Million in Sales Expected for Teekay Offshore Partners L.P. (TOO) This Quarter
Equities analysts forecast that Teekay Offshore Partners L.P. (NYSE:TOO) will announce $383.35 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Teekay Offshore Partners’ earnings. The lowest sales estimate is $382.20 million and the highest is $384.50 million. Teekay Offshore Partners reported sales of $266.72 million in the same quarter last year, which suggests a positive year over year growth rate of 43.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 28th.
According to Zacks, analysts expect that Teekay Offshore Partners will report full year sales of $1.24 billion for the current fiscal year, with estimates ranging from $1.23 billion to $1.24 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.11 billion, with estimates ranging from $1.00 billion to $1.22 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Teekay Offshore Partners.
A number of brokerages have recently issued reports on TOO. Zacks Investment Research raised shares of Teekay Offshore Partners from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a research report on Wednesday, November 7th. ValuEngine raised shares of Teekay Offshore Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th.
NYSE TOO traded up $0.06 during t....