Targa Resources Partners Lp Earnings Preview: Get Ahead of the Analysts

Targa Resources Partners Lp (NYSE:NGLS) will report earnings before markets open on Friday, May 3rd. Targa Resources Partners LP acquires, owns, develops, and operates a diversified portfolio of complementary midstream energy assets. The Company is involved in the gathering, compressing, treating, processing and selling natural gas and fractionating and selling natural gas liquids, or NGLs, and NGL products.

Here is your Cheat Sheet to Targa Resources Partners Lp Earnings:

Earnings Expectations: Analysts expect earnings of $0.18 per share on revenues of $1.68 billion. Currently, the company’s P/E ratio stands at 38.48.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.29 to a profit $0.22. For the current year, the average estimate is a profit of $1.14, which is worse than the estimate ninety days ago.

The stock market is at 5-year highs! Discover the best stocks to buy in today’s market. CLICK HERE for Your Stock Investor Cheat Sheet NOW!

Earnings Trends:

Here’s how Targa Resources Partners Lp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 7,502 4,504 5,467 6,987 5,884
Diluted EPS ($) 1.83 -0.86 0.92 1.98 1.20

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 1,933 1,646 1,318 1,393 1,527
Diluted EPS ($) 3.631 0.63 0.35 0.08 2.296

Past Performance:
Targa Resources Partners Lp has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)