Preview: Equitrans Midstream's Earnings
Portfolio Pulse from Benzinga Insights
Equitrans Midstream (NYSE:ETRN) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts estimating an EPS of $0.20. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but followed by a 1.69% drop in share price. Over the last year, ETRN shares have increased by 72.62%, indicating positive long-term shareholder sentiment.
February 19, 2024 | 3:01 pm
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NEUTRAL IMPACT
Equitrans Midstream is expected to report an EPS of $0.20 for the upcoming quarter, with historical performance showing mixed reactions to earnings announcements.
Given the historical performance where Equitrans Midstream's share price has shown mixed reactions to earnings announcements, the short-term impact on ETRN's stock price is uncertain. While the company has beaten EPS estimates in the past, it has not always led to a positive price movement. The anticipation of the earnings report may cause some volatility, but the actual impact will heavily depend on whether the company meets or exceeds the EPS estimate and the forward guidance provided.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100