Western Midstream's Earnings: A Preview

Western Midstream (NYSE:WES) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Western Midstream will report an earnings per share (EPS) of $0.83.

Investors in Western Midstream are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Overview of Past Earnings

The company's EPS beat by $0.09 in the last quarter, leading to a 1.13% increase in the share price on the following day.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.88

0.81

0.65

EPS Actual

0.97

1.47

0.74

0.70

Price Change %

1.0%

3.0%

11.0%

5.0%

Performance of Western Midstream Shares

Shares of Western Midstream were trading at $36.81 as of November 01. Over the last 52-week period, shares are up 34.1%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Opinions on Western Midstream

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Western Midstream.

Analysts have given Western Midstream a total of 6 ratings, with the consensus rating being Neutral. ...