Will Enterprise Products (EPD) Beat Estimates In Q4 Earnings?
Zacks Investment Research | Jan 28, 2019 06:12AM ET
Enterprise Products Partners L.P. (NYSE:EPD) is scheduled to report fourth-quarter 2018 results on Jan 31, before the opening bell.
The midstream energy player beat the Zacks Consensus Estimate in all of the last four quarters, the average positive earnings surprise being 9.3%. For the fourth quarter of 2018, the Zacks Consensus Estimate for earnings per unit is pegged at 50 cents, reflecting a decline of 2% from the year-ago quarter’s tally.
Let’s see how things are shaping up for the upcoming quarterly release.
Which Way are Estimates Treading?
Let’s take a look at the estimate revision trend to get a clear picture of what analysts feel about the upcoming earnings release.
The Zacks Consensus Estimate for fourth-quarter earnings of 50 cents has seen no upward movement in the past seven days. The estimate reflects year-over-year growth of 35.1%.
Further, the Zacks Consensus Estimate for revenues is pegged at $9,460 million for the impending quarter, showing an increase of 12.2% year over year.
Why a Likely Positive Surprise?
Our proven model shows that Enterprise Products is likely to beat earnings estimates because it has the right combination of two key ingredients.
Earnings ESP: Zacks Investment Research
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