We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 Analyst Projections for Key Metrics Reveal About Antero Midstream (AM) Q4 Earnings
Read MoreHide Full Article
Analysts on Wall Street project that Antero Midstream Corporation (AM - Free Report) will announce quarterly earnings of $0.23 per share in its forthcoming report, representing a decline of 4.2% year over year. Revenues are projected to reach $269.66 million, increasing 3.7% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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 Antero Midstream metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Revenues- Water Handling- Antero Resources' will reach $57.65 million. The estimate points to a change of -4.9% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- Gathering and Processing- Antero Resources' will likely reach $231.73 million. The estimate indicates a change of +6.9% from the prior-year quarter.
The consensus estimate for 'Revenues- Gathering and Processing' stands at $218.89 million. The estimate indicates a year-over-year change of +5.5%.
Analysts expect 'Revenues- Water Handling' to come in at $51.31 million. The estimate points to a change of -2.7% from the year-ago quarter.
Analysts forecast 'Average Daily Volumes - Low Pressure Gathering' to reach 3,266.05 millions of cubic feet. The estimate compares to the year-ago value of 3377 millions of cubic feet.
According to the collective judgment of analysts, 'Average Daily Volumes - High Pressure Gathering' should come in at 3,039.88 millions of cubic feet. The estimate compares to the year-ago value of 3047 millions of cubic feet.
The consensus among analysts is that 'Average Daily Volumes - Compression' will reach 3,226.01 millions of cubic feet. The estimate compares to the year-ago value of 3343 millions of cubic feet.
Based on the collective assessment of analysts, 'Average Daily Volumes - Fresh Water Delivery' should arrive at 82.41 millions of barrels of oil. Compared to the current estimate, the company reported 94 millions of barrels of oil in the same quarter of the previous year.
Analysts predict that the 'Average Daily Volumes - Other fluid handling' will reach 55.08 millions of barrels of oil. Compared to the present estimate, the company reported 57 millions of barrels of oil in the same quarter last year.
Antero Midstream shares have witnessed a change of +2.2% in the past month, in contrast to the Zacks S&P 500 composite's +4.2% move. With a Zacks Rank #3 (Hold), AM 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 >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
What Analyst Projections for Key Metrics Reveal About Antero Midstream (AM) Q4 Earnings
Analysts on Wall Street project that Antero Midstream Corporation (AM - Free Report) will announce quarterly earnings of $0.23 per share in its forthcoming report, representing a decline of 4.2% year over year. Revenues are projected to reach $269.66 million, increasing 3.7% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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 Antero Midstream metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Revenues- Water Handling- Antero Resources' will reach $57.65 million. The estimate points to a change of -4.9% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- Gathering and Processing- Antero Resources' will likely reach $231.73 million. The estimate indicates a change of +6.9% from the prior-year quarter.
The consensus estimate for 'Revenues- Gathering and Processing' stands at $218.89 million. The estimate indicates a year-over-year change of +5.5%.
Analysts expect 'Revenues- Water Handling' to come in at $51.31 million. The estimate points to a change of -2.7% from the year-ago quarter.
Analysts forecast 'Average Daily Volumes - Low Pressure Gathering' to reach 3,266.05 millions of cubic feet. The estimate compares to the year-ago value of 3377 millions of cubic feet.
According to the collective judgment of analysts, 'Average Daily Volumes - High Pressure Gathering' should come in at 3,039.88 millions of cubic feet. The estimate compares to the year-ago value of 3047 millions of cubic feet.
The consensus among analysts is that 'Average Daily Volumes - Compression' will reach 3,226.01 millions of cubic feet. The estimate compares to the year-ago value of 3343 millions of cubic feet.
Based on the collective assessment of analysts, 'Average Daily Volumes - Fresh Water Delivery' should arrive at 82.41 millions of barrels of oil. Compared to the current estimate, the company reported 94 millions of barrels of oil in the same quarter of the previous year.
Analysts predict that the 'Average Daily Volumes - Other fluid handling' will reach 55.08 millions of barrels of oil. Compared to the present estimate, the company reported 57 millions of barrels of oil in the same quarter last year.
View all Key Company Metrics for Antero Midstream here>>>
Antero Midstream shares have witnessed a change of +2.2% in the past month, in contrast to the Zacks S&P 500 composite's +4.2% move. With a Zacks Rank #3 (Hold), AM 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 >>>>