Energy Transfer Equity, L.P. (NYSE:ETE) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Energy Transfer Equity, L.P. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 56.16% to $0.32 in the quarter versus EPS of $0.73 in the year-earlier quarter.
Revenue: Rose 561.82% to $11.18 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Energy Transfer Equity, L.P. reported adjusted EPS income of $0.32 per share. By that measure, the company missed the mean analyst estimate of $0.48. It beat the average revenue estimate of $9.95 billion.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue increased 0.23% from $11.15 billion in the previous quarter. EPS increased 88.24% from $0.17 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 $0.54 and has not changed. For the current year, the average estimate has moved down from a profit of $2.35 to a profit of $2.09 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)