Enterprise Products Partners L.P. First Quarter Earnings Sneak Peek

Enterprise Products Partners L.P. (NYSE:EPD) will unveil its latest earnings on Wednesday, May 2, 2012. Enterprise Products Partners is a North American midstream energy company providing a range of services to producers and consumers of natural gas, natural gas liquids, crude oil, and certain petrochemicals.

Enterprise Products Partners L.P. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 58 cents per share, a rise of 20.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 55 cents. Between one and three months ago, the average estimate moved up. It has dropped from 59 cents during the last month. Analysts are projecting profit to rise by 9% compared to last year’s $2.41.

Past Earnings Performance: Last quarter, the company beat estimates by 11 cents, coming in at profit of 67 cents a share versus the estimate of net income of 56 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 8.3% in revenue from the year-earlier quarter to $11.03 billion.

Analyst Ratings: Analysts are bullish on this stock, with 15 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a profit of $721.1 million (83 cents a share) from a loss of $786.1 million (29 cents) a year earlier, beating analyst estimates. Revenue rose 20.9% to $11.59 billion from $9.58 billion.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 32.3% over the last four quarters.

Stock Price Performance: Between January 31, 2012 and April 26, 2012, the stock price rose $3.69 (7.7%), from $47.71 to $51.40. The stock price saw one of its best stretches over the last year between October 17, 2011 and October 27, 2011, when shares rose for nine straight days, increasing 6.5% (+$2.68) over that span. It saw one of its worst periods between December 1, 2011 and December 8, 2011 when shares fell for six straight days, dropping 3.3% (-$1.50) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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