Benzinga | Nov 17, 2021 11:49AM EST

KNOT Offshore Partners's Earnings Outlook

KNOT Offshore Partners (NYSE:KNOP) is set to give its latest quarterly earnings report on Thursday, 2021-11-18. Here's what investors need to know before the announcement.

Analysts estimate that KNOT Offshore Partners will likely report an Earnings Per Share (EPS) of $0.64

KNOT Offshore Partners bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.03, which was followed by a 0.68% increase in the share price the next day.

Here's a look at KNOT Offshore Partners's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.53 0.72 0.62 0.57EPS Actual 0.56 0.86 0.75 0.77Price Change % 0.68% -1.0% 0.39% 2.7%

Stock Performance

Shares of KNOT Offshore Partners were trading at $18.4 as of November 16. Over the last 52-week period, shares are up 33.82%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here