Plains All American Pipeline Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Plains All American Pipeline, L.P. (NASDAQ:PAA) is set to release its Q1 earnings before the opening bell on May 3, with analysts expecting a decrease in earnings per share from 41 cents to 39 cents year-over-year, and a projected quarterly revenue of $12.98 billion, down from $15.34 billion. The company's shares rose 1.8% to close at $17.23 recently. Analysts from Stifel, UBS, Goldman Sachs, Citigroup, and Barclays have provided updates on their ratings and price targets for PAA.
May 03, 2024 | 6:07 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Plains All American Pipeline is anticipated to report a decrease in earnings per share and revenue for Q1. Analysts have adjusted their ratings and price targets, indicating mixed expectations.
The anticipation of a decrease in earnings per share and revenue for Q1 could potentially impact investor sentiment negatively. However, the recent adjustments in analyst ratings and price targets, including both upgrades and downgrades, suggest a mixed outlook that could stabilize the stock price in the short term. The recent 1.8% increase in share price indicates positive investor sentiment leading up to the earnings release.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100