For the current quarter, the 11.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.16 a share, which would compare with $0.67 in the same quarter last year. They have a high estimate of $0.52 and a low estimate of $-0.27. Revenue for the period is expected to total nearly $6.11B from $11.54B the year-ago period.
For the full year, 11.00 Wall Street analysts forecast this company would deliver earnings of 0.69 per share, with a high estimate of $1.55 and a low estimate of $-0.39. It had reported earnings per share of $0.73 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $25.91B versus 34.29B in the preceding year.
The analysts project the company to maintain annual growth of around 11.78% percent over the next five years as compared to an average growth rate of 8.97% percent expected for its competitors in the same industry.
Among the 15 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for ETP is $40.27 but some analysts are projecting the price to go as high as $55.00. If the optimistic analysts are correct, that represents a 41 percent upside potential from the recent closing price of $39.11. Some sell-side analysts, particularly the bearish ones, have called for $25.00 price targets on shares of Energy Transfer Partners LP (NYSE:ETP).
In the last reported results, the company reported earnings of $0.67 per share, while analysts were calling for share earnings of $0.48. It was an earnings surprise of 39.60%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The companys Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, and through ET fuel system and HPL system. It owns and operates 7,500 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas. Its Interstate Transportation and Storage segment provides natural gas transportation and storage services; owns and operates approximately 12,300 miles of interstate natural gas pipeline; and has interests in various natural gas pipelines. The companys Midstream segment gathers, compresses, treats, blends, processes, and markets natural gas. It owns and operates 35,000 miles of in service natural gas, 31 natural gas processing plants, 21 natural gas treating facilities, and 4 natural gas conditioning facilities. The companys Liquids Transportation and Services segment transports mixed NGLs and other hydrocarbons; stores mixed NGLs, NGL products, and petrochemical products; and separates mixed NGL streams into purity products. It owns and operates various NGL pipelines, and NGL storage facilities with aggregate storage capacity of approximately 51 million barrels. Its Investment in Sunoco Logistics segment gathers, purchases, markets, and sells crude oil; and owns and operates 1,800 miles of refined products pipelines. The companys Retail Marketing segment sells motor fuel and merchandise at company-operated retail locations and branded convenience stores in 14 states, primarily on the east coast and south regions of the United States. Its Other segment provides natural gas compression equipment and compression services; manages coal and natural resources property, sells standing timber, and leases coal-related infrastructure facilities; and generates electrical power. The company was founded in 1995 and is based in Dallas, Texas.
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