Yahoo Finance Dwell appears ahead to what to count on in Organization Merchandise Partners’ earnings report coming out on Monday.
Online video Transcript
– All proper. Perfectly, now it is really time for 1 inventory that we’re all watching on Monday. Company Items Partners ticker, symbol EPD, is established to report very first quarter earnings before the bell. Wall Street consensus calls for revenue of 10.5 billion and $.53 in altered earnings for every share.
Enterprise Goods Associates is the greatest oil and gasoline midstream enterprise in the state, with a sector cap of virtually $58 billion. Take a appear at how the shares are trading in the following several hours sector. We did see that they finished the working day in negative territory, down 1.67%, but in immediately after hrs investing, just a little in advance there. But just a fraction of a share, just .03 factors there.
Now, we did see previously that they missed Q4 earnings estimates. But we did see that revenues have been a solid beat, coming in at $11.4 billion in 2021. And that was boosted by its petrochemical providers business, as perfectly as its purely natural fuel processing, and a file purely natural gasoline and crude oil pipeline volumes. Now, Co-CEO Jim Teague claims that he expects that advancement to carry on, along with global economic expansion in 2022.