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 ...
