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

Enterprise Products Partners L.P. (NYSE:EPD) will unveil its latest earnings on Wednesday, August 1, 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 profit of 59 cents per share, a rise of 15.7% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from 61 cents during the last month. For the year, analysts are projecting net income of $2.51 per share, a rise of 13.6% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting profit of 62 cents per share against a mean estimate of net income of 59 cents per share.

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A Look Back: In the first quarter, profit rose 54.8% to $651.3 million (73 cents a share) from $420.7 million (49 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 10.5% to $11.25 billion from $10.18 billion.

Stock Price Performance: Between May 30, 2012 and July 26, 2012, the stock price had risen $5.03 (10.3%), from $48.87 to $53.90. The stock price saw one of its best stretches over the last year between June 21, 2012 and July 3, 2012, when shares rose for nine straight days, increasing 8% (+$3.83) 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% (-$1.54) over that span.

Wall St. Revenue Expectations: Analysts predict a rise of 4.5% in revenue from the year-earlier quarter to $11.72 billion.

Key Stats:

The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 30.1% over the last four quarters.

Analyst Ratings: With 15 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.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 0.79 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, a ratio less than one could indicate a company may have difficulty meeting current obligations. The company regressed in this liquidity measure from 0.82 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in liabilities. Current liabilities increased 3.6% to $7.7 billion while assets rose 0.5% to $6.1 billion.

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

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