Niska Gas Storage Partners: Here’s What Investors Need to Know Before Earnings

Niska Gas Storage Partners (NYSE:NKA) will report earnings before markets open on Thursday, May 9th. Niska Gas Storage Partners LLC is an independent owner and operator of natural gas storage assets in North America. The Company stores natural gas for a broad range of customers, including financial institutions, marketers, pipelines, power generators, utilities and producers of natural gas.

Here is your Cheat Sheet to Niska Gas Storage Partners Earnings:

Earnings Expectations: Analysts expect earnings of $0.16 per share on revenues of $57.86 million.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.07 to a profit $0.18. For the current year, the average estimate is a loss of $0.55, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Niska Gas Storage Partners has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 232.89 252.18 270.50 230.08 268.58
Diluted EPS ($) 0.31 -2.39

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 89.90 57.25 -2.79 24.54 73.83
Diluted EPS ($) -3.07 0.2290 -0.54 -0.22 0.15

Past Performance:
Niska Gas Storage Partners has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)