What's Next: Enterprise Prods Partners's Earnings Preview

Enterprise Prods Partners (NYSE:EPD) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-29. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Enterprise Prods Partners will report an earnings per share (EPS) of $0.68.

The announcement from Enterprise Prods Partners 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.

Historical Earnings Performance

The company's EPS missed by $0.02 in the last quarter, leading to a 0.6% drop in the share price on the following day.

Here's a look at Enterprise Prods Partners's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.66

0.67

0.68

0.64

EPS Actual

0.64

0.66

0.72

0.60

Price Change %

-1.0%

-1.0%

-1.0%

-0.0%

Enterprise Prods Partners Share Price Analysis

Shares of Enterprise Prods Partners were trading at $29.05 as of October 25. Over the last 52-week period, shares are up 11.56%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Enterprise Prods Partners

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

The consensus rating for Enterprise Prods Partners is Buy, derived from 3 analyst ratings. An average one-year price target of $36.0 implies a ...