Published on 6 May 2024 on Zacks via Yahoo Finance
Should Energy Transfer (ET) Be in Your Portfolio Before Q1 Earnings?
Energy Transfer LP ET is scheduled to release first-quarter 2024 results on May 8, after market close. This oil and gas midstream firm reported an average earnings surprise of 3.7% in the last four reported quarters.The Zacks Consensus Estimate for earnings is pegged at 36 cents per unit on revenues of $23.33 billion. The top- and bottom-line estimates suggest an increase of 22.8% and 12.5%, respectively, from a year ago.Per our proven model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that's not the case here.At present, Energy Transfer has an Earnings ESP of -1.39% and a Zacks Rank of 3.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Energy Transfer LP Price and EPS Surprise