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

Enterprise Products Partners L.P. (NYSE:EPD) will unveil its latest earnings on Wednesday, November 2, 2011. 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 (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 profit of 50 cents per share, a rise of 6.4% 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 47 cents. Between one and three months ago, the average estimate moved up. It has risen from 49 cents during the last month. Analysts are projecting profit to rise by 44.6% versus last year to $2.01.

Past Earnings Performance: Last quarter, the company beat estimates by 4 cents, coming in at net income of 51 cents a share versus the estimate of profit of 47 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $9.76 billion in revenue this quarter, a rise of 20.9% from the year ago quarter. Analysts are forecasting total revenue of $44.96 billion for the year, a rise of 33.3% from last year’s revenue of $33.74 billion.

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

A Look Back: In the second quarter, profit rose 21.4% to $433.7 million (51 cents a share) from $357.2 million (46 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 48.7% to $11.22 billion from $7.54 billion.

Key Stats:

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 19.2%.

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 September 29, 2011 to October 27, 2011, the stock price had risen $5.13 (12.9%) from $39.82 to $44.95. 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, rising 6.5% (+$2.75) 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% (-$2.16) over that span. Shares are up $5.57 (+14.1%) year to date.

(Source: Xignite Financials)

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