U.S. markets closed
  • S&P 500

    3,236.92
    -78.65 (-2.37%)
     
  • Dow 30

    26,763.13
    -525.05 (-1.92%)
     
  • Nasdaq

    10,632.99
    -330.65 (-3.02%)
     
  • Russell 2000

    1,451.46
    -45.50 (-3.04%)
     
  • Crude Oil

    39.50
    -0.30 (-0.75%)
     
  • Gold

    1,863.50
    -44.10 (-2.31%)
     
  • Silver

    22.88
    -1.64 (-6.70%)
     
  • EUR/USD

    1.1660
    -0.0049 (-0.42%)
     
  • 10-Yr Bond

    0.6760
    +0.0120 (+1.81%)
     
  • GBP/USD

    1.2716
    -0.0021 (-0.16%)
     
  • USD/JPY

    105.3900
    +0.4660 (+0.44%)
     
  • BTC-USD

    10,296.56
    -245.20 (-2.33%)
     
  • CMC Crypto 200

    216.92
    +2.95 (+1.38%)
     
  • FTSE 100

    5,899.26
    +69.80 (+1.20%)
     
  • Nikkei 225

    23,346.49
    -13.81 (-0.06%)
     

Earnings Outlook for EnLink Midstream

Benzinga Insights

EnLink Midstream (NYSE: ENLC) releases its next round of earnings this Tuesday, August 04. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.

Earnings and Revenue

Analysts predict EnLink Midstream will report earnings of $0.01 per share on revenue of $1.25 billion. In the same quarter last year, EnLink Midstream reported EPS of $0.070 on revenue of $1.71 billion. If the company were to report in-line earnings when it publishes results Tuesday, quarterly profit would be down 85.71%. Revenue would be down 24.7% from the year-ago period. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

Quarter

Q1 2020

Q4 2020

Q3 2019

Q2 2019

EPS Estimate

0.05

0.05

0.09

0.06

EPS Actual

0.06

0.02

0.02

0.07

Revenue Estimate

1.66 B

1.65 B

1.77 B

1.90 B

Revenue Actual

1.16 B

1.16 B

1.41 B

1.71 B

Stock Performance

Shares of EnLink Midstream were trading at $2.45 as of August 04. Over the last 52-week period, shares are down 72.01%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.

View more earnings on ENLC

Don't be surprised to see the stock move on comments made during its conference call. EnLink Midstream is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://dpregister.com/DiamondPassRegistration/register?linkSecurityString=78449&confirmationNumber=10146379

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.