Energy Transfer Partners L.P. (NYSE:ETP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.78%.
Energy Transfer Partners L.P. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 86.21% to $0.6 in the quarter versus EPS of $4.35 in the year-earlier quarter.
Revenue: Rose 731.18% to $10.85 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Energy Transfer Partners L.P. reported adjusted EPS income of $0.6 per share. By that measure, the company beat the mean analyst estimate of $0.48. It beat the average revenue estimate of $7.92 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 7.71% from $11.76 billion in the previous quarter. EPS decreased 3.23% from $0.62 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.41 to a profit $0.49. For the current year, the average estimate has moved up from a profit of $1.87 to a profit of $2.13 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)