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

Enterprise Products Partners L.P. (NYSE:EPD) will unveil its latest earnings on Thursday, November 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 estimate of analysts is for net income of 60 cents per share, a rise of 9.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 61 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 60 cents during the last month. For the year, analysts are projecting profit of $2.54 per share, a rise of 14.9% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 5 cents, coming in at net income of 64 cents a share versus the estimate of profit of 59 cents a share. It marked the fourth straight quarter of beating estimates.

Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now

A Look Back: In the second quarter, profit rose 30.6% to $566.3 million (64 cents a share) from $433.7 million (51 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 12.7% to $9.79 billion from $11.22 billion.

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 decline of 1% in revenue from the year-earlier quarter to $11.22 billion.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 40.4% in the third quarter of the last fiscal year, 20.9% in the fourth quarter of the last fiscal year and 10.5%in the first quarter before dropping in the second quarter.

Stock Price Performance: Between August 2, 2012 and October 26, 2012, the stock price rose 46 cents (0.9%), from $52.95 to $53.41. 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 August 17, 2012 and August 24, 2012 when shares fell for six straight days, dropping 2% (-$1.09) over that span.

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 by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

UnitedHealth Investors: Buy, Sell or Hold?

Is Apple Losing Its Buy Status?

Mitt Romney Likes Coal: Should You?