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Unveiling Enterprise Products (EPD) Q3 Outlook: Wall Street Estimates for Key Metrics
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Wall Street analysts expect Enterprise Products Partners (EPD - Free Report) to post quarterly earnings of $0.74 per share in its upcoming report, which indicates a year-over-year increase of 21.3%. Revenues are expected to be $15.35 billion, up 27.7% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 6.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
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 it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Enterprise Products metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'NGL Pipelines & Services net - NGL fractionation volumes per day' should arrive at 1,872.34 thousands of barrels of oil. The estimate is in contrast to the year-ago figure of 1,636.00 thousands of barrels of oil.
Analysts expect 'NGL Pipelines & Services net - Fee-based natural gas processing per day' to come in at 7,505.49 thousands of barrels of oil. Compared to the present estimate, the company reported 7,454.00 thousands of barrels of oil in the same quarter last year.
The consensus among analysts is that 'NGL Pipelines & Services net - NGL pipeline transportation volumes per day' will reach 5,138.92 thousands of barrels of oil. Compared to the present estimate, the company reported 4,694.00 thousands of barrels of oil in the same quarter last year.
Analysts forecast 'Natural Gas Pipelines & Services net - Natural gas transportation volumes per day' to reach 21222 billion british thermal units per day. The estimate compares to the year-ago value of 21027 billion british thermal units per day.
Analysts' assessment points toward 'Petrochemical Services net - Butane isomerization volumes per day' reaching 119.29 thousands of barrels of oil. The estimate is in contrast to the year-ago figure of 123.00 thousands of barrels of oil.
It is projected by analysts that the 'Petrochemical Services net - Propylene fractionation volumes per day' will reach 126.55 thousands of barrels of oil. Compared to the present estimate, the company reported 119.00 thousands of barrels of oil in the same quarter last year.
According to the collective judgment of analysts, 'Petrochemical Services net - Octane enhancement and related plant sales volumes per day' should come in at 41.11 thousands of barrels of oil. Compared to the present estimate, the company reported 41.00 thousands of barrels of oil in the same quarter last year.
The collective assessment of analysts points to an estimated 'NGL Pipelines & Services net - Equity NGL production per day' of 237.21 thousands of barrels of oil. The estimate compares to the year-ago value of 225.00 thousands of barrels of oil.
Analysts predict that the 'Gross operating margin- Crude Oil Pipelines & Services' will reach $420.06 million. Compared to the present estimate, the company reported $371.00 million in the same quarter last year.
The combined assessment of analysts suggests that 'Gross operating margin- NGL Pipelines & Services' will likely reach $1.57 billion. Compared to the current estimate, the company reported $1.30 billion in the same quarter of the previous year.
The average prediction of analysts places 'Gross operating margin- Petrochemical & Refined Products Services' at $393.43 million. The estimate compares to the year-ago value of $370.00 million.
The consensus estimate for 'Gross operating margin- Natural Gas Pipelines & Services' stands at $373.73 million. The estimate compares to the year-ago value of $339.00 million.
Over the past month, shares of Enterprise Products have returned +1% versus the Zacks S&P 500 composite's -0.8% change. Currently, EPD carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Unveiling Enterprise Products (EPD) Q3 Outlook: Wall Street Estimates for Key Metrics
Wall Street analysts expect Enterprise Products Partners (EPD - Free Report) to post quarterly earnings of $0.74 per share in its upcoming report, which indicates a year-over-year increase of 21.3%. Revenues are expected to be $15.35 billion, up 27.7% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 6.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
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 it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Enterprise Products metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'NGL Pipelines & Services net - NGL fractionation volumes per day' should arrive at 1,872.34 thousands of barrels of oil. The estimate is in contrast to the year-ago figure of 1,636.00 thousands of barrels of oil.
Analysts expect 'NGL Pipelines & Services net - Fee-based natural gas processing per day' to come in at 7,505.49 thousands of barrels of oil. Compared to the present estimate, the company reported 7,454.00 thousands of barrels of oil in the same quarter last year.
The consensus among analysts is that 'NGL Pipelines & Services net - NGL pipeline transportation volumes per day' will reach 5,138.92 thousands of barrels of oil. Compared to the present estimate, the company reported 4,694.00 thousands of barrels of oil in the same quarter last year.
Analysts forecast 'Natural Gas Pipelines & Services net - Natural gas transportation volumes per day' to reach 21222 billion british thermal units per day. The estimate compares to the year-ago value of 21027 billion british thermal units per day.
Analysts' assessment points toward 'Petrochemical Services net - Butane isomerization volumes per day' reaching 119.29 thousands of barrels of oil. The estimate is in contrast to the year-ago figure of 123.00 thousands of barrels of oil.
It is projected by analysts that the 'Petrochemical Services net - Propylene fractionation volumes per day' will reach 126.55 thousands of barrels of oil. Compared to the present estimate, the company reported 119.00 thousands of barrels of oil in the same quarter last year.
According to the collective judgment of analysts, 'Petrochemical Services net - Octane enhancement and related plant sales volumes per day' should come in at 41.11 thousands of barrels of oil. Compared to the present estimate, the company reported 41.00 thousands of barrels of oil in the same quarter last year.
The collective assessment of analysts points to an estimated 'NGL Pipelines & Services net - Equity NGL production per day' of 237.21 thousands of barrels of oil. The estimate compares to the year-ago value of 225.00 thousands of barrels of oil.
Analysts predict that the 'Gross operating margin- Crude Oil Pipelines & Services' will reach $420.06 million. Compared to the present estimate, the company reported $371.00 million in the same quarter last year.
The combined assessment of analysts suggests that 'Gross operating margin- NGL Pipelines & Services' will likely reach $1.57 billion. Compared to the current estimate, the company reported $1.30 billion in the same quarter of the previous year.
The average prediction of analysts places 'Gross operating margin- Petrochemical & Refined Products Services' at $393.43 million. The estimate compares to the year-ago value of $370.00 million.
The consensus estimate for 'Gross operating margin- Natural Gas Pipelines & Services' stands at $373.73 million. The estimate compares to the year-ago value of $339.00 million.
View all Key Company Metrics for Enterprise Products here>>>Over the past month, shares of Enterprise Products have returned +1% versus the Zacks S&P 500 composite's -0.8% change. Currently, EPD carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .