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

Enterprise Products Partners L.P. (NYSE:EPD) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. 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 profit of 65 cents per share, a decline of 3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 64 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 17.6% compared to last year’s $2.60.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 8 cents, reporting net income of 68 cents per share against a mean estimate of profit of 60 cents per share.

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A Look Back: In the third quarter, profit rose 24.5% to $586.8 million (66 cents a share) from $471.4 million (55 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 7.6% to $10.47 billion from $11.33 billion.

Here’s how Enterprise Products Partners L.P. traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:

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Analyst Ratings: With 16 analysts rating the stock a buy, none rating it a sell and one rating the stock a hold, there are indications of a bullish stance by analysts.

Wall St. Revenue Expectations: Analysts are projecting a rise of 1.6% in revenue from the year-earlier quarter to $11.77 billion.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 12.7% in the second quarter and dropped again in the third quarter.

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