Targa Resources's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Targa Resources (NYSE:TRGP) is scheduled to release its quarterly earnings report on February 15, 2024, with analysts expecting an EPS of $1.46. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting accordingly. Shares have risen 16.37% over the last 52 weeks, indicating a generally positive outlook from long-term shareholders. Investors will be keenly watching for not just the earnings results but also the company's guidance for future growth.
February 14, 2024 | 7:02 pm
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Targa Resources is expected to report an EPS of $1.46 for the upcoming quarter. Historical performance shows variability in meeting EPS estimates, which has led to varied stock price reactions. With a 16.37% increase in share price over the last year, investor sentiment appears positive.
Given the positive year-over-year share price increase and the anticipation surrounding the earnings report, TRGP's stock is likely to see short-term positive movement, especially if the earnings beat expectations and the company provides favorable future guidance. However, the historical mixed performance in meeting EPS estimates suggests caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100