Market Overview

Earnings Preview for KNOT Offshore Partners


KNOT Offshore Partners (NYSE: KNOP) announces its next round of earnings this Thursday, November 19. Here is Benzinga's everything-that-matters guide for this Thursday's Q3 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts covering KNOT Offshore Partners modeled for quarterly EPS of $0.65 on revenue of $70.50 million. In the same quarter last year, KNOT Offshore Partners reported EPS of $0.43 on revenue of $71.01 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to match the consensus estimate when it reports Thursday, earnings would be up 51.16%. Revenue would be down 0.72% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.57 0.50 0.56 0.53
EPS Actual 0.66 -0.19 0.73 0.43
Revenue Estimate 71.00 M 70.10 M 70.10 M 70.90 M
Revenue Actual 70.26 M 67.82 M 70.08 M 71.01 M

Stock Performance

Over the last 52-week period, shares are down 28.51%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. KNOT Offshore Partners is scheduled to hold the call at 11:00:00 ET and can be accessed here.


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Posted-In: Earnings