Published on 5 May 2022 on Simply Wall St. via Yahoo Finance
Today is shaping up negative for The Williams Companies, Inc. (NYSE:WMB) shareholders, with the analysts delivering a substantial negative revision to this year's forecasts. Revenue estimates were cut sharply as analysts signalled a weaker outlook - perhaps a sign that investors should temper their expectations as well. The stock price has risen 7.5% to US$36.89 over the past week. Investors could be forgiven for changing their mind on the business following the downgrade; but it's not clear if the revised forecasts will lead to selling activity.
Following the latest downgrade, the nine analysts covering Williams Companies provided consensus estimates of US$9.3b revenue in 2022, which would reflect an uneasy 14% decline on its sales over the past 12 months. Per-share earnings are expected to climb 19% to US$1.44. Previously, the analysts had been modelling revenues of US$10b and earnings per share (EPS) of US$1.43 in 2022. Indeed we can see that the consensus opinion has undergone some fundamental changes following the recent consensus updates, with a substantial drop in revenues and some minor tweaks to earnings numbers.
Check out our latest analysis for Williams Companies