Examining the Future: EnLink Midstream's Earnings Outlook

EnLink Midstream (NYSE:ENLC) will release its quarterly earnings report on Wednesday, 2024-11-06. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate EnLink Midstream to report an earnings per share (EPS) of $0.15.

EnLink Midstream bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Overview of Past Earnings

In the previous earnings release, the company missed EPS by $0.07, leading to a 6.82% drop in the share price the following trading session.

Here's a look at EnLink Midstream's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.14

0.13

0.15

0.13

EPS Actual

0.07

0.06

0.14

0.10

Price Change %

-7.000000000000001%

-6.0%

-2.0%

-1.0%

Stock Performance

Shares of EnLink Midstream were trading at $14.94 as of November 04. Over the last 52-week period, shares are up 24.33%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about EnLink Midstream

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

EnLink Midstream has received a total of 8 ratings from analysts, with the consensus rating ...