Capital Product Partners L.P. (NASDAQ:CPLP) is trading up 43.78% versus 12-month low of 2.23 and stands -24.51% lower from its 1-year peak of $4.25. The consensus price target (PT) of $4.57 means that the market expects Company shares to increase by 41.9% in the short run. The sell-side target prices range from $4 to $6. In the last month the stock has moved in price 0.31%, with a one year change of -18.82%. The last trading session volume compares with the 790.45K average and market worth floats around 433.51M.
Capital Product Partners L.P. (NASDAQ:CPLP) fell -0.31% to reach at the trading price of $3.21 as it is set to release its next quarterly earnings report on February 03, 2017. Capital Product Partners L.P. stock trades in the range of $3.19 to $3.24 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.08 a share with $60.53M in revenue.
Capital Product Partners L.P. (CPLP) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Capital Product Partners L.P. to earn $0.07 per share (EPS) on revenue of $60.88M. The EPS consensus range is $0.06-$0.08 on revenue between $63.43M and $58.9M.
While if we look at the Earnings Track Record, Capital Product Partners L.P. (CPLP) managed to surpass quarterly earnings per share estimates in 2 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 16%. Last time the company reported, Capital Product Partners L.P. (CPLP) generated $0.07 in earnings per share, missing the consensus estimate of $0.08. Revenues hit $60.27M in the September 2017 quarter, which was above the consensus $58.18M projection. On the other hand, in the June 2017 quarter the company recorded a net $60.9M revenue with earnings per share of $0.10. Wall Street had anticipated $60.89M and $0.10, respectively. For comparison, there was a revenue of $58.05M and EPS of $0.08 in the March 2016 period.
Capital Product Partners L.P. (NASDAQ:CPLP) Analyst Insights
The buoyancy in the outlook of Capital Product Partners L.P. (CPLP) is getting weaker by the somewhat negative sentiment (2.10 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Accumulate. Seaport Global Securities has been covering shares of CPLP, so it is most recent view is worth a look. In a research note issued on Mar 11, 2016, analysts at downgraded the stock to Market Perform from Outperform. Another noteworthy analyst activity was recorded on Mar 07, 2016. Downgraded the stock to Neutral from Accumulate.