Energy Transfer's Earnings Outlook

Energy Transfer (NYSE:ET) is set to give its latest quarterly earnings report on Wednesday, 2024-08-07. Here's what investors need to know before the announcement.

Analysts estimate that Energy Transfer will report an earnings per share (EPS) of $0.36.

The announcement from Energy Transfer is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings History Snapshot

Last quarter the company missed EPS by $0.08, which was followed by a 2.08% drop in the share price the next day.

Here's a look at Energy Transfer's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.36

0.40

0.35

0.34

EPS Actual

0.35

0.32

0.37

0.15

Price Change %

2.0%

-2.0%

2.0%

4.0%

Market Performance of Energy Transfer's Stock

Shares of Energy Transfer were trading at $15.81 as of September 09. Over the last 52-week period, shares are up 16.0%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Insights on Energy Transfer

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Energy Transfer.

The consensus rating for Energy Transfer is Buy, based on 2 analyst ratings. With an ...