Enterprise Prods Partners Q2 2024 GAAP EPS $0.64 Misses $0.65 Estimate, Sales $13.483B Miss $14.270B Estimate
Portfolio Pulse from Benzinga Newsdesk
Enterprise Products Partners (NYSE:EPD) reported Q2 2024 earnings of $0.64 per share, missing the analyst estimate of $0.65. Sales were $13.483 billion, below the $14.270 billion estimate. Despite the misses, both earnings and sales showed significant year-over-year growth.
July 30, 2024 | 10:01 am
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Enterprise Products Partners (NYSE:EPD) reported Q2 2024 earnings of $0.64 per share, missing the analyst estimate of $0.65. Sales were $13.483 billion, below the $14.270 billion estimate. Despite the misses, both earnings and sales showed significant year-over-year growth.
The earnings and sales misses are likely to have a negative short-term impact on EPD's stock price. However, the significant year-over-year growth in both earnings and sales may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100