## Enterprise Prods Partners Earnings Preview: What to Expect on October 29th
Get ready for a crucial day for Enterprise Prods Partners (EPD) investors. The company is set to announce its quarterly earnings on
Tuesday, October 29th, 2024
, and the market is buzzing with anticipation.Analysts are projecting an earnings per share (EPS) of $0.68, but investors will be looking for more than just meeting expectations. They’ll be keenly focused on whether EPD can
surpass these estimates
and providepositive guidance for the next quarter
, which can heavily influence stock price movements.A Look Back at Historical Performance
EPD’s recent earnings history provides some insights into its performance. In the last quarter, the company missed its EPS target by $0.02, leading to a 0.6% drop in share price on the following trading day. Here’s a breakdown of EPD’s past earnings and the resulting price changes:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—||
| Q2 2024 | $0.66 | $0.64 | -1.0% |
| Q1 2024 | $0.67 | $0.66 | -1.0% |
| Q4 2023 | $0.68 | $0.72 | -1.0% |
| Q3 2023 | $0.64 | $0.60 | -0.0% |
Share Price Analysis: A Bullish Outlook?
As of October 25th, EPD shares were trading at $29.05. Over the past 52 weeks, the stock has seen a positive 11.56% growth. This sustained upward trend suggests long-term shareholders are likely optimistic going into the earnings release.
Analyst Sentiment: A Positive Signal
It’s vital for investors to understand the market sentiment surrounding a company. For EPD, the consensus rating from analysts is a
Buy
, based on 3 ratings. The average one-year price target is $36.0, indicating a potential 23.92% upside.Peer Comparison: Unveiling Relative Performance
To gain further insights into EPD’s performance, let’s compare it to its industry peers: Williams Companies, ONEOK, and Energy Transfer.
| Company | Consensus Rating | 1-Year Price Target | Potential Upside |
|—|—|—|—||
| Enterprise Prods Partners | Buy | $36.0 | 23.92% |
| Williams Companies | Neutral | $51.3 | 76.59% |
| ONEOK | Neutral | $96.73 | 232.98% |
| Energy Transfer | Buy | $21.0 | 27.71% Downside |
This comparison highlights that while EPD ranks top in revenue growth among its peers, it sits in the middle for gross profit and at the bottom for return on equity.
Key Takeaways
*
Revenue Growth:
EPD stands out with a significant revenue growth rate of 26.59% over the past three months, exceeding industry averages.*
Net Margin:
The company’s net margin of 10.32% falls below industry benchmarks, indicating potential challenges in profitability.*
Return on Equity (ROE):
EPD’s ROE of 5.0% trails behind industry averages, suggesting areas for improvement in maximizing returns on equity capital.*
Return on Assets (ROA):
Similar to ROE, EPD’s ROA of 1.92% is below industry averages, indicating challenges in efficient asset utilization.*
Debt Management:
EPD’s debt-to-equity ratio of 1.08 is lower than the industry average, highlighting a healthier balance between debt and equity, which is generally seen favorably by investors.Get to Know Enterprise Prods Partners Better
EPD is a leading master limited partnership (MLP) that specializes in transporting and processing natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals. It’s a major player in the midstream energy sector, with operations servicing most producing regions in the Lower 48 states.
EPD’s dominance is particularly prominent in the NGL market, and it’s one of the few MLPs offering midstream services across the entire hydrocarbon value chain. This broad scope and its position in critical energy infrastructure make EPD a key player in the global energy landscape.
Key Financial Metrics
*
Market Capitalization:
EPD’s market capitalization exceeds industry standards, indicating its significant scale and robust market position relative to its peers.*
Revenue Growth:
As mentioned earlier, EPD’s revenue growth rate of 26.59% over the past three months is a strong indicator of its performance.*
Net Margin:
EPD’s net margin, while below industry benchmarks, still reflects its ability to generate profits.*
Return on Equity (ROE):
EPD’s ROE, despite being lower than industry averages, is still a positive sign for investors, suggesting potential for improvement.*
Return on Assets (ROA):
EPD’s ROA, although below industry benchmarks, indicates its ability to generate returns from its assets.*
Debt Management:
EPD’s debt-to-equity ratio is a positive indicator of its financial health.Stay Informed
To stay informed about EPD’s earnings releases and other critical updates, visit our earnings calendar. This comprehensive resource will provide you with the latest news and insights on the company’s performance.
