Energy Transfer Equity Q4 Earnings Preview
Energy Transfer Equity (NYSE: ETE) unveils its next round of earnings Wednesday. Here is Benzinga's everything-that-matters guide for today's Q4 earnings announcement
Earnings and Revenue
Based on Energy Transfer Equity management projections, analysts predict EPS of 34 cents per share on revenue of $12.3 billion.
Energy Transfer Equity EPS in the same period a year ago totaled 21 cents per share. Sales were $10.8 billion. The analyst consensus estimate would represent a 61.9 percent increase in the company's earnings. Sales would be up 13.86 percent from the year-ago period.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 |
EPS Estimate | 0.34 | 0.26 | 0.27 | 0.25 |
EPS Actual | 0.22 | 0.18 | 0.23 | 0.21 |
Stock Performance
Over the past 52-week period, shares of Energy Transfer Equity have declined 12.34 percent. Analyst estimates have adjusted higher for EPS and revenues over the past 90 days.
Analysts seem to have settled on a Neutral rating with Energy Transfer Equity. The strength of this rating has maintained conviction over the past three months. Most Common Rating: Neutral
Conference Call
Energy Transfer Equity is scheduled to hold a conference call Thursday at 9:00 a.m. ET and it can be accessed here.
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