A month has gone by since the last earnings report for Enterprise Products Partners (EPD – Free Report) . Shares have lost about 1.8% in that time frame, underperforming the SP 500.
Will the recent negative trend continue leading up to its next earnings release, or is Enterprise Products due for a breakout? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Enterprise Products Q2 Earnings Beat Estimates, Improve Y/Y
Enterprise Products reported second-quarter 2018 adjusted earnings per limited partner unit of 46 cents, which beat the Zacks Consensus Estimate of 39 cents. The bottom line also improved from the year-ago quarter’s earnings of 30 cents.
Quarterly revenues totaled $8,468 million, up from $6,608 million in the year-ago quarter.
The year-over-year upside can be attributed to increase
Article source: https://www.zacks.com/stock/news/320980/why-is-enterprise-products-epd-down-18-since-last-earnings-report
Recent Comments