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What's in Store for Plains Group Holdings (PAGP) Q3 Earnings?
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Plains Group Holdings, L.P. (PAGP - Free Report) is slated to report third-quarter 2019 financial results on Nov 5, after market close. Notably, the partnership delivered an average positive earnings surprise of 88.25% in the last four quarters.
Factors to Consider
Permian takeaway as well as a number of projects in Rockies and Mid-continent indicates the Plains Group Holdings’ capital efficiency. Improved volumes in Permian Basin, Eagle Ford, Central and Canada region systems as well as buy or sell arrangements with future committed volumes are likely to have contributed to the Supply and Logistics segment’s third-quarter performance.
Q3 Expectations
The Zacks Consensus Estimate for third-quarter 2019 sales is pegged at $8.26 billion, which indicates a decline of 6.10% from the year-ago quarter’s figure. The Zacks Consensus Estimate for third-quarter earnings per share is pegged at 35 cents, which calls for year-over-year decline of 50%.
Plains Group Holdings, L.P. Price and EPS Surprise
Our proven model does not conclusively predict an earnings beat for Plains Group Holdings this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here.
Earnings ESP: The partnership’s Earnings ESP is -10.48%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Investors can consider some companies from the same sector that have the right combination of elements to post an earnings beat in the quarter to be reported.
Noble Energy Inc is slated to release third-quarter 2019 results on Nov 7. It has an Earnings ESP of +0.78% and a Zacks Rank #3.
Plains All American Pipeline, L.P. (PAA - Free Report) is scheduled to announce third-quarter 2019 results on Nov 5. It has an Earnings ESP of +0.43% and a Zacks Rank #3.
Evergy Inc. (EVRG - Free Report) is set to release third-quarter 2019 results on Nov 6. It has an Earnings ESP of +0.28% and a Zacks Rank #3.
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What's in Store for Plains Group Holdings (PAGP) Q3 Earnings?
Plains Group Holdings, L.P. (PAGP - Free Report) is slated to report third-quarter 2019 financial results on Nov 5, after market close. Notably, the partnership delivered an average positive earnings surprise of 88.25% in the last four quarters.
Factors to Consider
Permian takeaway as well as a number of projects in Rockies and Mid-continent indicates the Plains Group Holdings’ capital efficiency. Improved volumes in Permian Basin, Eagle Ford, Central and Canada region systems as well as buy or sell arrangements with future committed volumes are likely to have contributed to the Supply and Logistics segment’s third-quarter performance.
Q3 Expectations
The Zacks Consensus Estimate for third-quarter 2019 sales is pegged at $8.26 billion, which indicates a decline of 6.10% from the year-ago quarter’s figure. The Zacks Consensus Estimate for third-quarter earnings per share is pegged at 35 cents, which calls for year-over-year decline of 50%.
Plains Group Holdings, L.P. Price and EPS Surprise
Plains Group Holdings, L.P. price-eps-surprise | Plains Group Holdings, L.P. Quote
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Plains Group Holdings this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here.
Earnings ESP: The partnership’s Earnings ESP is -10.48%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Plains Group Holdings has a Zacks Rank #4. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks With Favorable Combination
Investors can consider some companies from the same sector that have the right combination of elements to post an earnings beat in the quarter to be reported.
Noble Energy Inc is slated to release third-quarter 2019 results on Nov 7. It has an Earnings ESP of +0.78% and a Zacks Rank #3.
Plains All American Pipeline, L.P. (PAA - Free Report) is scheduled to announce third-quarter 2019 results on Nov 5. It has an Earnings ESP of +0.43% and a Zacks Rank #3.
Evergy Inc. (EVRG - Free Report) is set to release third-quarter 2019 results on Nov 6. It has an Earnings ESP of +0.28% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>