We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Williams Companies (WMB) Q3 Earnings: What's in the Cards?
Read MoreHide Full Article
Energy infrastructure provider, The Williams Companies, Inc. (WMB - Free Report) is set to release third-quarter 2017 results after the closing bell on Nov 1.
In the preceding quarter, the Tulsa, OK-based company delivered a negative earnings surprise of 31.6% owing to unfavorable changes in income tax provision. For the trailing four quarters, the company has an average negative earnings surprise of 13%.
Let’s see how things are shaping up for this announcement.
What the Zacks Model Predicts?
Our proven model does not conclusively show that Williams Companies is likely to beat on earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here, as you will see below. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: Its Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is -0.36%.
Zacks Rank: Williams Companies’ Zacks Rank #3 increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
We caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Factors at Play
We believe the following factors can influence third-quarter results.
The Transco expansion projects have been placed into service. Also, recent higher average crude oil prices can lead to higher natural gas liquids (NGLs) margins. Moreover, strong growth in production in the Northeast region may have resulted in higher transport volume for the company. The company also dominated the West American gas transportation with the help of its Northwest Pipeline. All these can help the company to post impressive results this quarter. However, the divestiture of the Geismar Plant and Canadian assets can offset the positives and affect year-over-year results.
Q3 Price Performance
Williams Companies has lost 0.9% of its value in the third quarter against 2% growth of its industry.
Stocks to Consider
Here are some companies that you may consider as our model shows these have the right combination of elements to post an earnings beat this quarter.
Denbury Resources Inc. is an exploration and production company based in Plano, TX. It has an Earnings ESP of +100.00% and a Zacks Rank #2.
Cenovus Energy Inc (CVE - Free Report) is an integrated oil major from Canada. The company has an Earnings ESP of +40.0% and a Zacks Rank #2.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Williams Companies (WMB) Q3 Earnings: What's in the Cards?
Energy infrastructure provider, The Williams Companies, Inc. (WMB - Free Report) is set to release third-quarter 2017 results after the closing bell on Nov 1.
In the preceding quarter, the Tulsa, OK-based company delivered a negative earnings surprise of 31.6% owing to unfavorable changes in income tax provision. For the trailing four quarters, the company has an average negative earnings surprise of 13%.
Let’s see how things are shaping up for this announcement.
What the Zacks Model Predicts?
Our proven model does not conclusively show that Williams Companies is likely to beat on earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here, as you will see below. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: Its Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is -0.36%.
Zacks Rank: Williams Companies’ Zacks Rank #3 increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
We caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Factors at Play
We believe the following factors can influence third-quarter results.
The Transco expansion projects have been placed into service. Also, recent higher average crude oil prices can lead to higher natural gas liquids (NGLs) margins. Moreover, strong growth in production in the Northeast region may have resulted in higher transport volume for the company. The company also dominated the West American gas transportation with the help of its Northwest Pipeline. All these can help the company to post impressive results this quarter. However, the divestiture of the Geismar Plant and Canadian assets can offset the positives and affect year-over-year results.
Q3 Price Performance
Williams Companies has lost 0.9% of its value in the third quarter against 2% growth of its industry.
Stocks to Consider
Here are some companies that you may consider as our model shows these have the right combination of elements to post an earnings beat this quarter.
Canadian Natural Resources Limited (CNQ - Free Report) is an exploration and production company. It has an Earnings ESP of +1.08% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Denbury Resources Inc. is an exploration and production company based in Plano, TX. It has an Earnings ESP of +100.00% and a Zacks Rank #2.
Cenovus Energy Inc (CVE - Free Report) is an integrated oil major from Canada. The company has an Earnings ESP of +40.0% and a Zacks Rank #2.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>