Benzinga | Aug 26, 2020 10:43AM EDT

Preview: KNOT Offshore Partners's Earnings

On Thursday, August 27, KNOT Offshore Partners (NYSE:KNOP) will release its latest earnings report. Benzinga's outlook for KNOT Offshore Partners is included in the following report.

Earnings and Revenue

KNOT Offshore Partners EPS is expected to be around $0.57, according to sell-side analysts. Sales will likely be near $71.00 million. KNOT Offshore Partners EPS in the same period a year ago totaled $0.25. Sales were $70.92 million. The Wall Street estimate would represent a 128.0% increase in the company's earnings per share. Revenue would be up 1.28% on a year-over-year basis. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019EPS Estimate 0.50 0.56 0.53 0.48EPS Actual -0.19 0.73 0.43 0.25Revenue Estimate 70.10 M 70.10 M 70.90 M 70.10 MRevenue Actual 67.82 M 70.08 M 71.01 M 70.92 M

Stock Performance

Over the past 52-week period, shares of KNOT Offshore Partners have declined 30.0%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Don't 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: https://78449.choruscall.com/dataconf/productusers/knop/mediaframe/39732/indexr.html