Enterprise Prods Partners Q3 2024 GAAP EPS $0.65 Misses $0.66 Estimate, Sales $13.775M Miss $13.843B Estimate
Portfolio Pulse from Benzinga Newsdesk
Enterprise Products Partners (NYSE:EPD) reported Q3 2024 earnings of $0.65 per share, missing the consensus estimate of $0.66. Sales were $13.775 million, falling short of the $13.843 billion estimate. Despite the misses, earnings and sales increased from the previous year.
October 29, 2024 | 10:04 am
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Enterprise Products Partners reported Q3 2024 earnings of $0.65 per share, missing the consensus estimate of $0.66. Sales were $13.775 million, missing the $13.843 billion estimate. Despite the misses, both earnings and sales increased from the previous year.
EPD's earnings and sales both missed analyst estimates, which is typically viewed negatively by investors, likely leading to a short-term decrease in stock price. However, the year-over-year growth in both earnings and sales may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100