Recap: Enterprise Prods Partners Q4 Earnings
Portfolio Pulse from Benzinga Insights
Enterprise Prods Partners (NYSE:EPD) reported Q4 earnings, beating estimates with an EPS of $0.72 against the expected $0.68, marking a 5.88% beat. Revenue increased by $972 million from the previous year. Despite a miss in the last quarter's EPS leading to a slight share price drop, the company has shown improvement in its latest earnings report.
February 01, 2024 | 2:20 pm
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Enterprise Prods Partners reported a positive Q4 earnings surprise with an EPS of $0.72, surpassing estimates by 5.88% and showing significant revenue growth from the previous year.
The positive earnings report, with a beat on both EPS and revenue expectations, suggests a strong financial performance by Enterprise Prods Partners. Given the company's recovery from a previous earnings miss and the subsequent positive impact on its stock price, it's likely that this earnings beat will lead to a short-term positive sentiment among investors, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100