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Enterprise Merchandise Companions (NYSE:EPD) is scheduled to announce Q3 earnings outcomes on Tuesday, November 1st, earlier than market open.
EPD beat estimates for Q2 adjusted earnings and revenues, whereas asserting three natural progress initiatives to assist ongoing manufacturing progress within the Permian Basin.
Nonetheless, Tudor Pickering Holt downgraded shares earlier this month, saying a weakening of pure fuel liquids and petrochemical fundamentals “underpin detrimental TPH estimate revisions and convey valuation nearer to center of the pack vs. large-cap friends.”
However, a current SA contributor evaluation suggests EPD has been benefiting from rising volumes within the Permian Basin over the previous yr and appears extremely more likely to proceed this progress over the subsequent few years.
One other evaluation famous EPD gives a low threat profile with a formidable assortment of belongings, sturdy administration, excessive yield and enticing valuation to traders.
The consensus EPS Estimate is $0.60 (+13.2% Y/Y) and the consensus Income Estimate is $13.82B (+27.6% Y/Y).
Over the past 2 years, EPD has crushed EPS estimates 63% of the time and has crushed income estimates 63% of the time.
Over the past 3 months, EPS estimates have seen 1 upward revision and 1 downward. Income estimates have seen 3 upward revisions and 1 downward.
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