Transco Growth Projects To Aid Williams' (WMB) Q4 Earnings
Zacks Investment Research | Feb 13, 2020 09:57PM ET
The Williams Companies, Inc. (NYSE:WMB) is set to release fourth-quarter 2019 results after the closing bell on Wednesday, Feb 19. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 25 cents per share on revenues of $2.1 billion.
Let’s delve into the factors that might have influenced the company’s performance in the December quarter. But it’s worth taking a look at Williams’ previous quarter performance first.
Highlights of Q3 Earnings & Surprise History
In the last reported quarter, the energy infrastructure provider beat the consensus mark on strong contribution from its Atlantic-Gulf and Northeast G&P segments. Williams reported adjusted earnings per share of 26 cents that surpassed both the Zacks Consensus Estimate and the prior-year profit by 2 cents. However, for the quarter ended Sep 30, the company’s revenues of $2 billion lagged the Zacks Consensus Estimate of $2.09 billion and also decreased 13% from $2.30 billion a year ago owing to weaker West segment sales.
As far as earnings surprises are concerned, the Tulsa, OK-based company missed the Zacks Consensus Estimate in two of the last four reports, with the average negative surprise being 0.15%. This is depicted in the graph below:
Williams Companies, Inc. (The) Price and EPS Surprise
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