Published on 26 Feb 2024 on Simply Wall St. via Yahoo Finance
Some Analysts Just Cut Their EnLink Midstream, LLC (NYSE:ENLC) Estimates
Today is shaping up negative for EnLink Midstream, LLC (NYSE:ENLC) shareholders, with the analysts delivering a substantial negative revision to this year's forecasts. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative.
Following the downgrade, the latest consensus from EnLink Midstream's four analysts is for revenues of US$7.4b in 2024, which would reflect a reasonable 7.5% improvement in sales compared to the last 12 months. Per-share earnings are expected to jump 31% to US$0.60. Previously, the analysts had been modelling revenues of US$8.4b and earnings per share (EPS) of US$0.63 in 2024. Indeed, we can see that analyst sentiment has declined measurably after the new consensus came out, with a measurable cut to revenue estimates and a minor downgrade to EPS estimates to boot.
View our latest analysis for EnLink Midstream