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.
What are in store for Plains All American (PAA) Q4 Earnings?
Read MoreHide Full Article
Plains All American Pipeline, L.P. (PAA - Free Report) is scheduled to release fourth-quarter 2019 results on Feb 4, 2020, after market close.
The Zacks Consensus Estimate for fourth-quarter earnings and revenues is pegged at 49 cents per share and $8.09 billion, respectively. Both the top and the bottom line indicate a decline of 7.8% and 38.8% from the year-ago reported figures, respectively.
In the last reported quarter, the firm delivered a positive earnings surprise of 33.33%.
Let’s see how things are shaping up for this earnings season.
Factors to Consider
We expect Plains All American Pipeline’s earnings for the to-be-reported quarter to have benefited from higher fee-based earnings, continuing with the trend from the first nine months of 2019.
The firm’s Cactus II pipeline entered service in mid-August, establishing connectivity with Taft, Ingleside and Corpus Christi thereafter. Its fourth quarter earnings are expected to have gained traction from the addition of this new pipeline and production ramp-up in Permian Basin.
The Zacks Consensus Estimate for fourth-quarter earnings of 49 cents has been revised 4.26% upward, over the past 60 days.
Earning Whispers
Our proven model predicts an earnings beat for Plains All American Pipeline this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
Earnings ESP: Plains All American Pipeline has an Earnings ESP of +11.57%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Some other stocks worth considering from the same sector with the perfect mix of elements to also beat on earnings in the upcoming releases are as follows:
NuStar Energy L.P. is set to release fourth-quarter 2019 earnings on Feb 5, 2020. It has an Earnings ESP of +1.32% and carries a Zacks Rank #2.
Antero Resources Corporation (AR - Free Report) is expected to report fourth-quarter 2019 earnings on Feb 12, 2020. It has an Earnings ESP of +6.49% and carries a Zacks Rank #2.
Covanta Holding Corporation is lined up to release fourth-quarter 2019 earnings on Feb 13, 2020. It has an Earnings ESP of +42.86% and carries a Zacks Rank #1.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
Image: Bigstock
What are in store for Plains All American (PAA) Q4 Earnings?
Plains All American Pipeline, L.P. (PAA - Free Report) is scheduled to release fourth-quarter 2019 results on Feb 4, 2020, after market close.
The Zacks Consensus Estimate for fourth-quarter earnings and revenues is pegged at 49 cents per share and $8.09 billion, respectively. Both the top and the bottom line indicate a decline of 7.8% and 38.8% from the year-ago reported figures, respectively.
In the last reported quarter, the firm delivered a positive earnings surprise of 33.33%.
Let’s see how things are shaping up for this earnings season.
Factors to Consider
We expect Plains All American Pipeline’s earnings for the to-be-reported quarter to have benefited from higher fee-based earnings, continuing with the trend from the first nine months of 2019.
The firm’s Cactus II pipeline entered service in mid-August, establishing connectivity with Taft, Ingleside and Corpus Christi thereafter. Its fourth quarter earnings are expected to have gained traction from the addition of this new pipeline and production ramp-up in Permian Basin.
The Zacks Consensus Estimate for fourth-quarter earnings of 49 cents has been revised 4.26% upward, over the past 60 days.
Earning Whispers
Our proven model predicts an earnings beat for Plains All American Pipeline this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
Earnings ESP: Plains All American Pipeline has an Earnings ESP of +11.57%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Plains All American Pipeline carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Plains All American Pipeline, L.P. Price and EPS Surprise
Plains All American Pipeline, L.P. price-eps-surprise | Plains All American Pipeline, L.P. Quote
Other Stocks to Consider
Some other stocks worth considering from the same sector with the perfect mix of elements to also beat on earnings in the upcoming releases are as follows:
NuStar Energy L.P. is set to release fourth-quarter 2019 earnings on Feb 5, 2020. It has an Earnings ESP of +1.32% and carries a Zacks Rank #2.
Antero Resources Corporation (AR - Free Report) is expected to report fourth-quarter 2019 earnings on Feb 12, 2020. It has an Earnings ESP of +6.49% and carries a Zacks Rank #2.
Covanta Holding Corporation is lined up to release fourth-quarter 2019 earnings on Feb 13, 2020. It has an Earnings ESP of +42.86% and carries a Zacks Rank #1.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>