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

Enterprise Products Partners L.P. (NYSE:EPD) will unveil its latest earnings on Tuesday, August 9, 2011. Enterprise Products Partners LP is a North American midstream energy company providing a range of services to producers and consumers of natural gas, natural gas liquids (NYSE:NGLS), crude oil and certain petrochemicals.

Enterprise Products Partners L.P. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 47 cents per share, a rise of 2.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 45 cents. Between one and three months ago, the average estimate moved up, and has risen from 46 cents during the last month. For the year, analysts are projecting profit of $1.91 per share, a rise of 37.4% 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 4 cents, reporting net income of 48 cents per share against a mean estimate of profit of 44 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $9.82 billion in revenue this quarter, a rise of 30.2% from the year ago quarter. Analysts are forecasting total revenue of $39.25 billion for the year, a rise of 16.3% from last year’s revenue of $33.74 billion.

Analyst Ratings: Analysts are bullish on this stock with 17 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

Key Stats:

Over the last four quarters, revenue has increased 44.6% on average year over year. The biggest increase came in the second quarter of the last fiscal year, when revenue rose more than twofold from the year earlier quarter.

Competitors to Watch: Duncan Energy Partners L.P. (NYSE:DEP), Enterprise GP Hldgs. L.P. (EPE), Kinder Morgan Inc (NYSE:KMI), Kinder Morgan Energy Partners LP (NYSE:KMP), El Paso Corporation (NYSE:EP), Copano Energy, L.L.C. (NASDAQ:CPNO), Southern Union Company (NYSE:SUG), Energy Transfer Partners, L.P. (NYSE:ETP), Blue Dolphin Energy Co. (NASDAQ:BDCO), and DCP Midstream Partners, LP (NYSE:DPM).

Stock Price Performance: During June 7, 2011 to August 3, 2011, the stock price had risen $2.09 (5.2%) from $39.91 to $42. The stock price saw one of its best stretches over the last year between September 27, 2010 and October 18, 2010 when shares rose for 16-straight days, rising 7.9% (+$2.91) over that span. It saw one of its worst periods between March 3, 2011 and March 11, 2011 when shares fell for seven-straight days, falling 5.2% (-$2.19) over that span. Shares are up $2.08 (+5.2%) year to date.

(Source: Xignite Financials)

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