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.
Seeking Clues to Enterprise Products (EPD) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Read MoreHide Full Article
In its upcoming report, Enterprise Products Partners (EPD - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.69 per share, reflecting an increase of 4.6% compared to the same period last year. Revenues are forecasted to be $14.09 billion, representing a year-over-year decrease of 4.5%.
The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
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.
Analysts' assessment points toward 'NGL Pipelines & Services net - NGL fractionation volumes per day' reaching 1,613.15 millions of barrels of oil. Compared to the present estimate, the company reported 1557 millions of barrels of oil in the same quarter last year.
Analysts expect 'NGL Pipelines & Services net - Fee-based natural gas processing per day' to come in at 7,062.97 millions of barrels of oil. Compared to the present estimate, the company reported 6363 millions of barrels of oil in the same quarter last year.
Analysts predict that the 'NGL Pipelines & Services net - NGL pipeline transportation volumes per day' will reach 4,458.61 millions of barrels of oil. Compared to the present estimate, the company reported 4157 millions of barrels of oil in the same quarter last year.
The average prediction of analysts places 'Natural Gas Pipelines & Services net - Natural gas transportation volumes per day' at 20,175.16 BBtu/D. The estimate compares to the year-ago value of 18,600 BBtu/D.
The combined assessment of analysts suggests that 'Petrochemical Services net - Butane isomerization volumes per day' will likely reach 120.07 millions of barrels of oil. Compared to the present estimate, the company reported 117 millions of barrels of oil in the same quarter last year.
Based on the collective assessment of analysts, 'Petrochemical Services net - Propylene fractionation volumes per day' should arrive at 104.11 millions of barrels of oil. The estimate compares to the year-ago value of 96 millions of barrels of oil.
According to the collective judgment of analysts, 'Petrochemical Services net - Octane enhancement and related plant sales volumes per day' should come in at 31.03 millions of barrels of oil. The estimate compares to the year-ago value of 35 millions of barrels of oil.
It is projected by analysts that the 'NGL Pipelines & Services net - Equity NGL production per day' will reach 196.18 millions of barrels of oil. Compared to the present estimate, the company reported 185 millions of barrels of oil in the same quarter last year.
Analysts forecast 'Gross operating margin- NGL Pipelines & Services' to reach $1.46 billion. Compared to the current estimate, the company reported $1.34 billion in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Gross operating margin- Crude Oil Pipelines & Services' of $411.62 million. The estimate is in contrast to the year-ago figure of $411 million.
The consensus estimate for 'Gross operating margin- Natural Gas Pipelines & Services' stands at $342.12 million. Compared to the present estimate, the company reported $312 million in the same quarter last year.
The consensus among analysts is that 'Gross operating margin- Petrochemical & Refined Products Services' will reach $352.84 million. The estimate is in contrast to the year-ago figure of $444 million.
Shares of Enterprise Products have demonstrated returns of -7.8% over the past month compared to the Zacks S&P 500 composite's -4.8% change. With a Zacks Rank #2 (Buy), EPD is expected to beat the overall market performance in the near future. 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
Seeking Clues to Enterprise Products (EPD) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
In its upcoming report, Enterprise Products Partners (EPD - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.69 per share, reflecting an increase of 4.6% compared to the same period last year. Revenues are forecasted to be $14.09 billion, representing a year-over-year decrease of 4.5%.
The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
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.
Analysts' assessment points toward 'NGL Pipelines & Services net - NGL fractionation volumes per day' reaching 1,613.15 millions of barrels of oil. Compared to the present estimate, the company reported 1557 millions of barrels of oil in the same quarter last year.
Analysts expect 'NGL Pipelines & Services net - Fee-based natural gas processing per day' to come in at 7,062.97 millions of barrels of oil. Compared to the present estimate, the company reported 6363 millions of barrels of oil in the same quarter last year.
Analysts predict that the 'NGL Pipelines & Services net - NGL pipeline transportation volumes per day' will reach 4,458.61 millions of barrels of oil. Compared to the present estimate, the company reported 4157 millions of barrels of oil in the same quarter last year.
The average prediction of analysts places 'Natural Gas Pipelines & Services net - Natural gas transportation volumes per day' at 20,175.16 BBtu/D. The estimate compares to the year-ago value of 18,600 BBtu/D.
The combined assessment of analysts suggests that 'Petrochemical Services net - Butane isomerization volumes per day' will likely reach 120.07 millions of barrels of oil. Compared to the present estimate, the company reported 117 millions of barrels of oil in the same quarter last year.
Based on the collective assessment of analysts, 'Petrochemical Services net - Propylene fractionation volumes per day' should arrive at 104.11 millions of barrels of oil. The estimate compares to the year-ago value of 96 millions of barrels of oil.
According to the collective judgment of analysts, 'Petrochemical Services net - Octane enhancement and related plant sales volumes per day' should come in at 31.03 millions of barrels of oil. The estimate compares to the year-ago value of 35 millions of barrels of oil.
It is projected by analysts that the 'NGL Pipelines & Services net - Equity NGL production per day' will reach 196.18 millions of barrels of oil. Compared to the present estimate, the company reported 185 millions of barrels of oil in the same quarter last year.
Analysts forecast 'Gross operating margin- NGL Pipelines & Services' to reach $1.46 billion. Compared to the current estimate, the company reported $1.34 billion in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Gross operating margin- Crude Oil Pipelines & Services' of $411.62 million. The estimate is in contrast to the year-ago figure of $411 million.
The consensus estimate for 'Gross operating margin- Natural Gas Pipelines & Services' stands at $342.12 million. Compared to the present estimate, the company reported $312 million in the same quarter last year.
The consensus among analysts is that 'Gross operating margin- Petrochemical & Refined Products Services' will reach $352.84 million. The estimate is in contrast to the year-ago figure of $444 million.
View all Key Company Metrics for Enterprise Products here>>>
Shares of Enterprise Products have demonstrated returns of -7.8% over the past month compared to the Zacks S&P 500 composite's -4.8% change. With a Zacks Rank #2 (Buy), EPD is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>