Boardwalk Pipeline Partners Earnings: Everything You Must Know Now
Boardwalk Pipeline Partners, LP (NYSE:BWP) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Boardwalk Pipeline Partners, LP Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 9.68% to $0.28 in the quarter versus EPS of $0.31 in the year-earlier quarter.
Revenue: Rose 4.68% to $288.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Boardwalk Pipeline Partners, LP reported adjusted EPS income of $0.28 per share. By that measure, the company missed the mean analyst estimate of $0.3. It missed the average revenue estimate of $296.45 million.
Key Stats (on next page)…
Revenue decreased 12.12% from $328.5 million in the previous quarter. EPS decreased 33.33% from $0.42 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.28 and has not changed. For the current year, the average estimate has moved up from a profit of $1.34 to a profit of $1.35 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)