Enterprise Prods Partners Q2 EPS $0.57 Misses $0.59 Estimate, Sales $10.65B Miss $12.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Enterprise Prods Partners (NYSE:EPD) reported Q2 earnings of $0.57 per share, missing the analyst consensus estimate of $0.58 by 1.72%. This is a 10.94% decrease from the same period last year. The company also reported quarterly sales of $10.65 billion, missing the analyst consensus estimate of $12.32 billion by 13.56%. This is a 33.69% decrease from the same period last year.
August 01, 2023 | 10:03 am
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NEGATIVE IMPACT
Enterprise Prods Partners reported lower than expected Q2 earnings and sales, with a significant YoY decrease. This could negatively impact the stock in the short term.
Enterprise Prods Partners reported lower than expected earnings and sales for Q2, with a significant decrease compared to the same period last year. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100