Analysts are estimating 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 Track Record
In the previous earnings release, the company missed EPS by $0.08, leading to a 0.81% drop in the share price the following trading session.
Market Performance of Energy Transfer's Stock
Shares of Energy Transfer were trading at $17.64 as of June 23. Over the last 52-week period, shares are up 11.21%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Analyst Observations about Energy Transfer
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Energy Transfer.
The consensus rating for Energy Transfer is Outperform, based on 3 analyst ratings. With an average one-year price target of $22.33, there's a potential 26.59% upside.
Analyzing Analyst Ratings Among Peers
The following analysis focuses on the analyst ratings and average 1-year price targets of Kinder Morgan, Enterprise Prods Partners and MPLX, three ...
