Earnings Preview For Energy Transfer
Portfolio Pulse from Benzinga Insights
Energy Transfer (NYSE:ET) is scheduled to release its quarterly earnings report on February 14, 2024. Analysts predict an EPS of $0.35. The focus will be on whether ET beats this estimate and provides positive guidance for the next quarter. Despite missing the EPS estimate last quarter, ET's stock price increased by 3.73% the following day. Historically, ET's stock performance has been positive, with a 7.08% increase over the last 52 weeks, trading at $14.09 as of February 12.
February 13, 2024 | 2:01 pm
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Energy Transfer is expected to report an EPS of $0.35 for the quarter. Investors will closely watch if ET surpasses this estimate and provides optimistic guidance for future quarters.
Given the historical context where ET's stock price increased by 3.73% following a missed EPS estimate last quarter, a positive earnings report and optimistic guidance could likely lead to a short-term increase in ET's stock price. The anticipation of beating the EPS estimate and the importance of guidance to investors suggest a potential positive impact on the stock price if expectations are met or exceeded.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100