Wall Street analysts expect Energy Transfer LP (ET) to post quarterly earnings of $0.41 per share in its upcoming report, which indicates a year-over-year increase of 46.4%. Revenues are expected to be $35.6 billion, up 78.4% from the year-ago quarter.
The current level reflects a downward revision of 1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company’s earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts’ projections for some of the company’s key metrics often helps gain a deeper insight.
That said, let’s delve into the average estimates of some Energy Transfer LP metrics that Wall Street analysts commonly model and monitor.
Analysts’ assessment points toward ‘Midstream – Gathered volumes’ reaching 22408 billion british thermal units per day. Compared to the current estimate, the company reported 21581 billion british thermal units per day in the same quarter of the previous year.
According to the collective judgment of analysts, ‘Midstream – NGLs produced’ should come in at 1,221.78 thousands of barrels of oil per day. Compared to the present estimate, the company reported 1,149.00 thousands of barrels of oil per day in the same quarter last year.
The consensus among analysts is that ‘Midstream – Equity NGLs’ will reach 69.14 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 67.00 thousands of barrels of oil per day.
The combined assessment of analysts suggests that ‘NGL and Refined Products Transportation and Services – NGL transportation volumes’ will likely reach 2,592.64 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 2,487.00 thousands of barrels of oil per day.
The collective assessment of analysts points to an estimated ‘NGL and Refined Products Transportation and Services – Refined products transportation volumes’ of 582.63 thousands of barrels of oil per day. The estimate compares to the year-ago value of 601.00 thousands of barrels of oil per day.
It is projected by analysts that the ‘NGL and Refined Products Transportation and Services – NGL and refined products terminal volumes’ will reach 1,874.57 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 1,660.00 thousands of barrels of oil per day.
Analysts expect ‘NGL and Refined Products Transportation and Services – NGL fractionation volumes’ to come in at 1,186.82 thousands of barrels of oil per day. Compared to the current estimate, the company reported 1,123.00 thousands of barrels of oil per day in the same quarter of the previous year.
The average prediction of analysts places ‘Adjusted EBITDA- Investment in USAC’ at $197.38 million. The estimate is in contrast to the year-ago figure of $160.00 million.
Analysts forecast ‘Adjusted EBITDA- Intrastate transportation and storage’ to reach $309.08 million. Compared to the current estimate, the company reported $230.00 million in the same quarter of the previous year.
Based on the collective assessment of analysts, ‘Adjusted EBITDA- Interstate transportation and storage’ should arrive at $468.77 million. Compared to the current estimate, the company reported $431.00 million in the same quarter of the previous year.
The consensus estimate for ‘Adjusted EBITDA- Investment in Sunoco LP’ stands at $947.65 million. The estimate compares to the year-ago value of $489.00 million.
Analysts predict that the ‘Adjusted EBITDA- NGL and refined products transportation and services’ will reach $1.16 billion. The estimate compares to the year-ago value of $1.05 billion.
View all Key Company Metrics for Energy Transfer LP here>>>
Energy Transfer LP shares have witnessed a change of +4.8% in the past month, in contrast to the Zacks S&P 500 composite’s +0.9% move. With a Zacks Rank #3 (Hold), ET is expected closely follow the overall market performance in the near term. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>> .
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This article originally published on Zacks Investment Research (zacks.com).
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
